11:16 - 28.10.2024

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October 28, Fineko/abc.az. The total loan portfolio of the NBCOs of Azerbaijan for Jan-Sept 2024 amounted to 744.6 million manats.

ABC.AZ reports with reference to the Central Bank that the credit portfolio has increased by 340.3 million manats (or by 84%) over the past months of this year.

The target reserve for compensation of possible losses on loans amounted to 56.6 million manats (17.7 million manats, or 46% more against Jan-Sept 2023).

As a result, NBCOs’ net loan portfolio grew by 322.6 million manats (88%) up to 688 million manats.