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Azerbaijan's bank loan portfolio surges

Finance Materials 30 November 2022 15:02 (UTC +04:00)
Azerbaijan's bank loan portfolio surges
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 30. The credit portfolio of Azerbaijani banks totaled 19.47 billion manat ($11.4 billion) in October 2022, Trend reports referring to the Central Bank of Azerbaijan.

According to the bank, this figure grew by 21.71 percent against the same period in 2021.

Thus, the banks' loan portfolio amounted to 15.997 billion manat ($9.39 billion) in October 2021.

Out of total loans, business loans accounted for 56.05 percent (10.9 billion manat ($6.4 billion), growth of 16.68 percent year over year), consumer loans – 29.26 percent (5.69 billion manat ($3.3 billion), growth of 32.04 percent), mortgage loans – 14.69 percent (2.86 billion manat ($1.68 billion), growth of 22.79 percent year over year) in the reporting month.

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