12:54 - 19.06.2023

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June 19, Fineko/abc.az. The demand for consumer and mortgage loans increased in Azerbaijan in the 1st quarter of 2023.

ABC.AZ reports that this is stated in the results of Central Bank’s survey on lending activities.

The main drivers of demand growth were real estate market expectations, interest rates, and digitalization. In the first quarter, there was an increase in the level of borrowing by the population. Thus, according to the survey, 42% of banks noted no changes in public borrowing, 54% of banks noted a moderate increase in the level of public borrowing, and 4% of banks noted a moderate decrease.