Share of NBCIs in provision of crediting falls to 2.5%

As of July 1, 2019, provision of crediting in Azerbaijan stood at AZN 13,482,600,000.

Report informs citing Central Bank of Azerbaijan (CBA) that AZN 2,181,800,000 or 16.2% of these funds fell to share of state banks, AZN 10,964,200,000 or 81.3% - private banks, AZN 336.6 million or 2.5% - Non-Banking Credit Institutions (NBCIs).

As at the end of May 2019, the share of NBCIs made up 2.7%. Share of micro financial organizations in the provision of crediting was 3% at the end of 2018, 3.2% at the end of June 2018.