11:15 - 23.05.2025

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May 23, Fineko/abc.az. In the 1st quarter of 2025, credit standards in general for consumer loans, including credit cards, continued to be tightened in Azerbaijan.

ABC.AZ informs with reference to the Central Bank of Azerbaijan that this mainly manifested itself in the form of an increase in the cost of loans and the amount of commissions. Respondents predict that the tightening of standards for general consumer loans, including credit cards, will continue in the next quarter.

According to the survey results, the demand for general consumer loans, including credit cards, has not changed. Banks predict that demand for general consumer loans will increase in the next quarter, but demand for credit cards will remain unchanged.

Also, following the survey results, the cost of financing consumer loans, capital positions and expectations regarding the solvency of the population had a tightening effect on credit standards. In general, according to the survey results, it is expected that the growth dynamics of banks' consumer portfolio will continue in the next quarter.