 | Over a third of credits by private banks |
As of early March, three fourths of credit investments in the economy were short-term. 66.1% of total credits was issued by state-owned banks and 33.9% by private ones. The share of private banks in credit investments has shrunk of late.
The share of overdue credits in total credit volume has exceeded 21%, which means that one fifth of credits was not repaid on time.
Total credit investment made up was a little over AZM2.3 trillion as of early March.*
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Issue: March, 23, 2001
OFFICIAL INFORMATION
Privatization of 100 major industrial enterprise announced
PARLIAMENT NEWSAdvertisers to agree with motorway owners
POLITICSArmenian MPs admit occupation of Azeri lands
ECONOMICS$2.8bn needed to resolve Baku water-supply problemA fourth of oil pumped by private companiesNo cash emission in FebruaryOver a third of credits by private banks
CULTURESecond caricature exhibition opens
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