Central Bank says reduction in provision of crediting was caused by restructuring process at IBAR

Baku: As of October 1, 2015, provision of crediting by Azerbaijan-based credit organization stood at AZN 19,113,500,000, down 4.89% or AZN 982.3 mln from previous month, up 8.40% or AZN 1,481.9 mln from previous year.

Central Bank of Azerbaijan said this was caused by restructuring process at the International Bank of Azerbaijan.

SOURCE: AZERI-PRESS NEWS AGENCY

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