Volume of problem loans in Azerbaijan drops by 20%

15:53 - 25.04.2024


April 25, Fineko/abc.az. As of April 1, 2024, the amount of overdue loans in Azerbaijan totaled 470.8 million manats.

ABC.AZ reports with reference to the Central Bank of Azerbaijan that the indicator is 0.3% more than as of March 1, 2024.

Compared with early 2024, the volume of problem loans in Azerbaijan increased by 7.5%, and declined by 20% over the year.

By the end of March, the share of overdue loans in the total loan portfolio made up 1.9%. At the end of February, this figure was 1.9%, at the end of December 2023 - 1.8%, and at the end of March 2023 - 2.9%.