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Azerbaijan reveals latest data on loan portfolio of local banks

Finance Materials 20 October 2021 19:17 (UTC +04:00)
Azerbaijan reveals latest data on loan portfolio of local banks

BAKU, Azerbaijan, Oct. 20

Trend:

The loan portfolio of banks and other credit organizations in Azerbaijan increased by 6.3 percent or 922.9 million manat ($542.8 million) from January through September 2021, compared to the same period of 2020, Trend reports with reference to the State Statistical Committee of Azerbaijan.

The loan portfolio of banks and other credit organizations in Azerbaijan amounted to 15.6 billion manat ($9.17 billion).

Short-term loans - 2.77 billion manat ($1.63 billion) in 9M2021, up by 10.9 percent, compared to 9M2020.

Long-term loans - 12.8 billion manat ($7.52 billion) in 9M2021, up by 10.9 percent, compared to 9M2020.

Overdue loans - 904.2 million manat ($531.8 million) in 9M2021, down by 15.1 percent, compared to 9M2020.

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