17:52 - 4.11.2024

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November 4, Fineko/abc.az. Recently, the NBCOs have been one of the active participants in the credit market in Azerbaijan.

ABC.AZ informs that the NBCOs are increasingly filling gaps in the financial sector, although their loan portfolio is still much lower than the loan portfolio of banks.

The total loan portfolio of NBCOs at the end of September 2024 reached 745 million manats. For comparison, the total loan portfolio of banks at this date is 26.7 billion manats (35-fold more than the NBCOs’ loan portfolio.