12:30 - 10.07.2023
July 10, Fineko/abc.az. The current volume of problem loans of the banking sector in Azerbaijan is less than AZN 500 million.
ABC.AZ reports that Zakir Nuriyev, the chairman of the Association of Banks of Azerbaijan (ABA), stated about this.
He said the ratio of problem loans to the total loan portfolio is lower than the interest rate required by international standards.
He noted that the use of mediation in bank disputes also affected the reduction of problem loans.
