Modern.az

The amount of problem loans in Azerbaijan has increased by 17 percent

The amount of problem loans in Azerbaijan has increased by 17 percent

Economy

Today, 14:18

As of March 1 this year, the amount of overdue loans in Azerbaijan amounted to 562 million manats.

Modern.az reports, citing the Central Bank of Azerbaijan (CBA), that this is 0.8% more compared to February 1.

The amount of problem loans in the country increased by 7.15% compared to the beginning of the year, and by 17.1% over the last 1 year.

As of the end of February, the share of overdue loans in the total loan portfolio was 1.8%. This ratio was 1.7% at the end of February, 1.6% at the end of last year, and 1.6% at the end of February last year.

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