Volume of problem loans in Azerbaijan lowered by 20%

12:30 - 26.10.2023


October 26, Fineko/abc.az. As of October 1, 2023, the amount of overdue loans in Azerbaijan amounted to 519.8 million manats.

ABC.AZ reports with reference to the Central Bank of Azerbaijan that this is 2.7% less as of September 1, 2023.

The amount of problem loans in the country decreased by 12.4% compared with the beginning of 2023 and by 20% over the year.

As of the end of September 2023, the share of overdue loans in the total loan portfolio made up 2.3%.

The share was 2.4% at the end of August, 2.9% at the end of last year and 3.3% at the end of September 2022.