OREANDA-NEWS. September 04, 2009. In July 2009 native banks increased loaning Azerbaijani economy by 16.84% compared to June that is the best indicator  in 2009 as yet. For the time being, increase of volumes of loaning in the country totals 3.03% against increase by 54.1% for all 2008.

The Central Bank of Azerbaijan (CBA)  has reported that as of 1st August 2009 the banks extended loans for AZN 7.229 bn that is a record over all history of the country’s bank system versus as of 1st July 2009 for AZN 6.187 bn versus AZN 6.68 bn as of 1st June, AZN 6.1 bn as of 1st May, AZN 6.037 bn as of 1st April, AZN 6.509 as of 1st March, AZN 7.017 bn as of 1st February 2009, AZN 7,016.5 million as of 1st January 2009 and AZN 6.025 bn as of 1st July 2008.

As of 1st August 2009 banks’ credit portfolio grew by 13.6% year-on-year and reached USD 8.988 bn on exchange rate (AZN 0.8043 to the US dollar) against the best indicator for the whole country’s banking history of USD 8.699 bn registered on February 1 and USD 8.759 bn on the rate by the end of December 2008 (AZN 0.801 to the US dollar).