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Volume of troubled loans in Azerbaijan is at 8 years low

Headlines 15:08 23 Nov, 2021

The volume of troubled loans decreased by 18,9% in annual comparison

Volume of troubled loans in Azerbaijan is at 8 years low

As of October 30 of this year, the volume of overdue loans in Azerbaijan made up AZN 815,9 mln, this indicator decreased by 6,3%, over the last month and by 8,7% from the beginning of the year, according to the calculations of Qazet.az based on the information of the Central Bank of Azerbaijan.

The volume of troubled loans decreased by 18,9% in annual comparison.

The share of the mentioned loans in the total portfolio was 5%.

Note that the indicator recorded as of October 30, is the lowest figure since January of 2014. Thus, the volume of the troubled loans made up AZN 815,1 mln in January 31, 2014.