Baku, Azerbaijan, July 23
By Eldar Janashvili - Trend:
The volume of problem loans of Azerbaijan’s Bank of Baku LLC in the second quarter of this year amounted to 91.778 million manats, decreasing by 53 percent compared to the same period last year, Trend reports with reference to the financial report of the bank.
The share of problem loans declined by 13 percent and accounted for one third of the total loan portfolio.
The problem loans in the industrial sector, with the exception of the energy sector, amounted to 241,400 manats or 10.1 percent of the volume of loans issued. In the sphere of trade and services, problem loans amounted to 23.772 million manats or 36.2 percent of the amount of loans in the industry. Among consumer loans, problem loans amounted to 63.357 million manats (a share of 31.7 percent).
The total loan portfolio as of July 1 this year amounted to 277.968 million manats.
Some 2.373 million manats were issued to enterprises in the industrial sector (excluding the energy sector), which accounted for less than 1 percent of the total volume of the loans issued.
In the sector of trade and services, loans worth 65.615 million manats were issued. Their share accounted for 23.6 percent of the total amount. Loans worth 10.128 million manats were issued to agriculture (3.6 percent of the total amount). Consumer loans amounted to 199.852 million manats (71.9 percent).
The total amount of loans and leasing agreements, upon deducting target reserves, amounted to 172.157 million manats.
($1= 1.7 manats on July 23)
Latest
-
Azerbaijani oil price moves down
-
Baker Hughes to provide multi-fuel gas turbines for U.S. data centers
-
Kazakhstan's Samruk-Energy reports increase in electricity production
-
UK sends first resident defence attaché to Azerbaijan
-
Kazakhstan set to restrict chicken egg imports from EAEU, and third nations
-
Azerbaijani parliament set to discuss draft law on OTS nations’ partnership
-
Azerbaijani currency to world currency rates for March 14
-
Azerbaijan, Masdar discuss strategic plan for Garadagh SPP project (PHOTO)
-
Azerbaijan establishes first-ever textile cluster
-
UN Working Group rejects Armenia's claims in Ruben Vardanyan case
-
Global Baku Forum vital for international collaboration - Volkan Bozkır (Exclusive interview) (PHOTO)
-
Iran sees uptick in crude production for Feb. 2025 - OPEC
-
Azerbaijan shares reasons behind decline in industrial production
-
Washington ought to emulate Israel's collaboration with Azerbaijan - US think tank
-
Azerbaijan, Uzbekistan explore expansion of transport projects in Caspian Sea (PHOTO)
-
Iran's non-oil exports to Turkmenistan experience upward trajectory
-
Azerbaijan's Nakhchivan multiplies permits to entrepreneurs in 2M2025
-
Azerbaijan’s electricity exports to Georgia see significant decline in Jan. 2025
-
Azerbaijan unveils electricity export to Iran for Jan. 2025
-
Azerbaijan tots up half-decade state budget revenue from privatization
-
Azerbaijani wrestler wins bronze medal at European U-23 Championship
-
Tatneft arm in Turkmenistan announces tender for crane services
-
Azerbaijani wrestler wins bronze medal at European U-23 Championship
-
No registration of Armenian citizens traveling to Karabakh - Defendant
-
Weaponry supplied from Khankendi and Armenia - Madat Babayan
-
Footage from opening ceremony of XII Global Baku Forum shared on President Ilham Aliyev's Instagram (VIDEO)
-
Azerbaijani wrestler wins silver medal at European U-23 Championship
-
Salaries were paid in Armenian dram - Arkady Ghukasyan’s admission on “so-called regime”
-
Azerbaijan experiences surge in passenger traffic on railways for early 2025
-
Date of next court hearing of Armenian-origin persons announced
-
Trials continue for Armenian citizens accused of war crimes and terrorism (PHOTO)
-
Azerbaijani FM discusses post-conflict regional situation with former Chinese envoy (PHOTO)
-
Iran's import of non-oil products from Turkmenistan decline
-
Arkady Ghukasyan admits Armenia’s illegal regime formed a “budget”
-
Azerbaijani FM, ex-president of UN General Assembly debate int'l security issues (PHOTO)
-
Azerbaijan boosts electricity exports to Russia in Jan. 2025
-
World observes weakening of international norms - ECO secretary general
-
UN issues Azerbaijan's 33rd Khojaly genocide anniversary letter for official use (PHOTO)
-
Azerbaijan, UN brainstorm cooperation priorities (PHOTO)
-
Azerbaijan avails vast natural resources to offer world - Colombian diplomat (Exclusive)
-
Azerbaijani FM, China's ex-special rep view post-conflict regional situation (PHOTO)
-
Azerbaijani FM, Greek PM delegate mull regional, international security issues (PHOTO)
-
Azerbaijan plays key role in Europe's energy security - Jean Baderschneider (Exclusive interview) (PHOTO)
-
Of late, world facing new reality - President of UN General Assembly's 77th session
-
IAEA committed to implementing UN Pact for Future - deputy director general
-
Global digital opportunities must be available to all - ITU deputy secretary-general
-
Current conflicts demonstrate world order fragility - Turkish presidential advisor
-
Success of UN Pact for future depends on its implementation - Guy Ryder
-
Global Baku Forum has become one of leading international platforms - President Ilham Aliyev (FULL SPEECH) (VIDEO)
-
UN multilateral instruments fail to meet modern challenges - North Macedonian president
-
Azerbaijan plays crucial role in ensuring Europe's energy security - Polish MP
-
Global institutions need reforms - North Macedonian president
-
Azerbaijan grows to shine as globally influential state - former ICESCO chief (Exclusive)
-
IEA adjusts oil demand growth forecast for 1Q2025, sees strong demand in petrochemicals
-
Global Baku Forum hosts "UN Pact for Future: Building New Global Consensus" panel (PHOTO)
-
Azerbaijan, Western Balkans focus on strengthening connections through Middle Corridor - ex-minister
-
Azerbaijan continues trial for individuals charged with espionage for France
-
Kazakhstan's National Bank puts out Gold Coin investment coin
-
Azerbaijan ready to continue dialogue with Armenia on issues related to normalization process - MFA
-
Iran hits back at three European powers over nuclear program talks in UN Security Council
-
Azerbaijan’s commitment to multipolarity stands one of its prime goals - FM
-
IEA raises Kazakhstan's 2025 oil output forecast
-
Azerbaijan, Italy maintain exceptional bilateral relations - FM
-
OECD SecGen to visit Kazakhstan as part of Astana Int'l Forum in 2025
-
Multilateralism stands vital for addressing global challenges - Finland's former president
-
We openly declare our eternal solidarity with Azerbaijan - Turkish presidential chief advisor
-
Turkmenistan launches first container train from China to Türkiye
-
Kazakhstan, Russia discuss dev’t of North-South corridor and coal transit to China
-
Azerbaijan defends its national interests while respecting others' - FM
-
Azerbaijan's oil production set for steady growth in 2025, IEA says
-
President Ilham Aliyev presents friendship order to Fatih Birol
-
TANAP gas supply to Türkiye up in January-February 2025
-
President Ilham Aliyev receives UNCTAD SecGen (VIDEO)
-
Middle Corridor dev't connects us to Central Asia - Montenegro's ex-minister (Exclusive)
-
Global Baku Forum plays pivotal role in shaping future's vision - event participant
-
Azeri-Chirag-Gunashli boosts gas output in January-February 2025
-
Kazakhstan expedites development of nuclear energy, focusing on reactor upgrading
-
Collaborative approaches provide only viable means to address global threats - WHO
-
Azerbaijan's State Security Service opens criminal case in wake of fire at SOCAR Refinery
-
Oil refining in Azerbaijan up in first two months of 2025
-
Afghanistan, Uzbekistan secure key supplies in Turkmenistan exchange
-
Azerbaijan pledges rapid progress on ECO clean energy center opening
-
SOCAR oil & condensate production down in January-February 2025
-
Azerbaijan promotes equality principle in international relations - FM
-
We'll continue our work to return last Azerbaijani citizen in tough situations home - FM
-
President Ilham Aliyev receives WHO's Ghebreyesus (VIDEO)
-
EU sees Turkmenistan as strategic partner in Middle Corridor development
-
Global Baku Forum runs panel on "Reimagining Multilateralism for Multipolar World" (PHOTO)
-
Azerbaijani, Syrian foreign ministers to hold phone talks
-
Elimination of Minsk Group, its other facilities stands as key factor - Azerbaijani FM
-
From Helenendorf to Goygol: how German immigrants shaped Azerbaijan's wine heritage
-
Azerbaijan expects Armenia to set territorial integrity claims via constitutional fixes - FM
-
IFC, SECO launch initiative to boost agricultural finance in Azerbaijan
-
Armenia agreed to Azerbaijan's proposals on two remaining clauses of peace agreement - FM Bayramov
-
Iran's Bahar Azadi gold coin sees huge appreciation in market valuation
-
Negotiation process on text of peace agreement with Armenia completed - Azerbaijani FM
-
President Ilham Aliyev receives IEA's Fatih Birol (PHOTO/VIDEO)
-
Uzbekistan, France take stock of interparliamentary relations
-
We witness multiple trade-damaging restrictions over past years - UNCTAD chief
-
I kept close ties with Azerbaijan after taking office - Latvia's ex-president
-
World must end existing conflicts and pursue negotiations - ARTOC Group director
-
Azerbaijan’s Absheron field boosts condensate output
-
President Ilham Aliyev receives Bulgaria's Minister of Foreign Affairs (PHOTO/VIDEO)
-
Kazakhstan's oil output up in Feb. 2025 - OPEC
-
Kazakhstan’s SCAT launches new air route to Korea’s Seoul
-
Geoeconomics to fluctuate without stable geopolitics - ARTOC Group chairman
-
Azerbaijan plays important role in regional stabilization - Greek official
-
Volume of Shah Deniz gas production disclosed
-
QazaqGaz, ILF International to co-op in engineering and tech in Kazakhstan's gas domain
-
OPEC updates on Azerbaijan's oil output in Feb. 2025
-
Turkmenistan shows significant leap in growth of nation's smart city
-
OPEC sees steady growth in non-DoC liquids supply through 2026
-
Kazakhstan and EU boost cooperation with raw material and renewable energy deals
-
OPEC confirms strong oil demand outlook amid economic uncertainties
-
China continues strategic partnership with EU despite differences - ex-ambassador
-
Azerbaijan reveals ACG oil production in first two months of 2025
-
Armenian citizens were also involved in fighting against Azerbaijan in the so-called "Dashnak" battalion - Armenian general
-
Kazakhstan prioritizes development of comprehensive co-op with EU – Tokayev
-
Governance must globally change - China's special rep for European affairs
-
Fragmented world generates new centers of power - Turkish MP
-
Türkiye's efforts to end Russian-Ukrainian armed conflict fail to get uphold from West - MP
-
QazaqGaz, Halliburton to establish online drilling monitoring center in Kazakhstan
-
President Ilham Aliyev meets with Chairwoman of Presidency of Bosnia and Herzegovina (PHOTO/VIDEO)
-
Kazakhstan rolls out virtual tax assistant to ease tax payments
-
Azerbaijan aims to contribute to shaping new realities in region - presidential aide
-
European commissioner shines spotlight on Middle Corridor's role in grand scheme of things
-
Kazakhstan, EU strengthen cooperation in renewable energy
-
QazaqGaz and SLB to cowork on Kazakhstan’s gas industry AI solutions
-
Turkmenistan, Belarus forge stronger business bonds at key Minsk forum
-
Global Baku Forum unites individuals with diverse perspective - Latvia's former president
-
UN becoming polarizing institution - North Macedonian president
-
Fixing Armenian constitution issues to likely favor peace agenda terms - presidential aide
-
President Ilham Aliyev meets President of Albania (VIDEO)
-
We must show our full support for multipolar world - Charles Michel
-
Global Baku Forum hosts panel discussion on "Geopolitical Shifts: Responsible Partnerships versus Rivalry" (PHOTO)
-
Lack of renewable energy investment to perpetuate climate crisis – Costa Rican official
-
XII Global Baku Forum off to races with series of panel sessions in full swing
-
Global Baku Forum holds special significance today - Bajram Begaj
-
EU supports more inclusive and fair global governance - Charles Michel
-
Strong bonds bind our friendly nations despite distance - North Macedonia's President
-
Azerbaijan, North Macedonia possess vast potential for enhanced co-op - political analyst
-
I experienced warm hospitality during my official visit to friendly Azerbaijan - President of North Macedonia
-
There is no need for Minsk Group today, nor can there be - presidential assistant
-
Global efforts can lead to more effective, inclusive, accountable system - UN official
-
Chairperson of Estonia-Azerbaijan parliamentary working group visits Victory Park (PHOTO)
-
President of North Macedonia expresses gratitude to President Ilham Aliyev for hosting Global Baku Forum
-
President Ilham Aliyev spoke at Global Baku Forum about corrupt politicians supporting Armenian diaspora (VIDEO)
-
Antony Blinken’s policy towards Azerbaijan actually ruined US-Azerbaijani relations - President Ilham Aliyev (VIDEO)
-
Albanian president emphasizes strong Azerbaijan-Albania partnership
-
European monitoring mission is actually reconnaissance mission of EU - President Ilham Aliyev (VIDEO)
-
IEA chief highlights COP29's success in addressing carbon markets, climate financing
-
Interconnected global crises demand collaborative solutions - WHO
-
Global Baku Forum delivers messages of hope in midst of uncertainty - Albanian president
-
Tajikistan, Kyrgyzstan sign state border treaty alongside several agreements
-
Latvia's former president praises Azerbaijan's efforts in creating global cooperation platform
-
We see how EU is trying to change its policy towards building strong military potential - President Ilham Aliyev (VIDEO)
-
Uzbekistan reveals number of foreign capital-run enterprises as of Mar. 2025
-
We need to have peace in the South Caucasus - President Ilham Aliyev (VIDEO)
-
Tehran refuses to negotiate under pressure - Iran's envoy to UN
-
We cannot and we will not forget the years of occupation - President Ilham Aliyev (VIDEO)