S&P: Azerbaijani banks' claims on economy to increase this year

S&P: Azerbaijani banks' claims on economy to increase this year
  • Clock-gray 10:57
  • calendar-gray 05 August 2020

The S&P Global rating agency predicts that the ratio of Azerbaijani commercial banks’ demands to economy to the GDP will grow by 4 percentage points to 22.4% in 2020, APA-Economics reports citing the Agency.

The agency expects this indicator to increase by 20.5% in 2021, but to decrease to 19.6%  during 2021-2022.

Note that last year, the banks’  demands to economy amounted to AZN 15.036 bln. This indicator includes accounted interest and interbank, but excludes the provisions.     

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