Volume of loans given to SMEs increased by 19%


December 2, Fineko/abc.az. Compared with early 2022, the volume of loans given to small and medium-sized entrepreneurs in Azerbaijan increased by 19% up to AZN 5.3 bn.

ABC.AZ reports that Orhan Mammadov, chairman of board of the SMEs Development Agency (KOBIA) under the Ministry of Economy at a meeting of leaders of financial organizations of Turkiye and Azerbaijan in Baku.

He added that most of this amount, namely AZN 4.6 bn was given at the expense of banks' own funds.