BANK OF BAKU
AUDITORS REPORT AND FINANCIAL
STATEMENTS AT
31 DECEMBER 1997 Note 10 - Loans to customers
Loans to customers are made principally within Azerbaijan and
comprise:
Trading enterprises
1,326,487
Individuals
102,941
1,429,428
Less - Reserves for loan losses
(63,222)
Loans to customers
1,366,206
At 31 December 1997, six customers accounted for 93% of the
total loan portfolio. The Banks loan portfolio consists of loans extended to
the following types of enterprises:
