Volume of problem loans in Azerbaijan has increased

17:29 - 30.03.2023

March 30, Fineko/abc.az. As of 1 March 2023, the volume of overdue loans in Azerbaijan amounted to AZN 606.1 million (3.8% more than on 1 February 2023), ABC.AZ reports with reference to the Central Bank of Azerbaijan.

The amount of problem loans in the country increased by 2.1% compared to the beginning of the year and decreased by 12.2% over the past year.

As of the end of February 2023, the share of overdue loans in the total loan portfolio was 3%. This figure was 2.9% at the end of January and at the end of 2022 and 3.9% at the end of February of 2022.

As of 1 March 2022, the volume of overdue loans amounted to AZN 690 million.