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Azerbaijan registers increase in loan portfolio of banks

Finance Materials 28 March 2022 12:44 (UTC +04:00)
Azerbaijan registers increase in loan portfolio of banks
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, March 28. The loan portfolio of banks increased by 18.2 percent in Azerbaijan in February 2022 compared to February 2021, exceeding 17.1 billion manat ($10.05 billion), Trend reports with reference to the Central Bank of Azerbaijan (CBA).

The loan portfolio of Azerbaijani banks amounted to 14.6 billion manat ($8.6 billion) in February 2021.

According to the CBA, the share of business loans amounted to 58.23 percent (9.9 billion manat or $5.8 billion), consumer loans - 27.4 percent (4.7 billion manat or $2.8 billion), mortgage loans - 14.37 percent (2.5 billion manat or $1.5 billion) in the structure of the loan portfolio in February 2022.

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