ABB strives to maintain a balance in the structure of its loan portfolio across business, mortgage, and consumer loans.
Modern.az reports that this was stated by Abbas Ibrahimov, Chairman of the Bank's Management Board, at a press conference on ABB's Sustainability Report.
He noted that in the bank's strategic loan portfolio distribution, the share of business loans is approximately 50 percent, mortgage loans 15 percent, and consumer loans 35 percent.
“This distribution reflects the bank's strategic approach. Although there have been certain changes in different periods, our general strategy has been formed in this direction,” he said.
According to the bank official, ABB ranks first in business loans and second in mortgage loans by market share. According to him, the bank's market share is also high in the consumer loan segment:
“Although the demand for consumer loans is higher, ABB pays special attention to internal risk policy and collateral mechanisms in lending.
Loans are issued in accordance with both internal policy and the customer's segment and the collateral provided.”
He added that one of ABB's main advantages is its developed assessment and “score” system.
“The bank's credit scoring system allows evaluating customers' credit capabilities based on more than 60 indicators and is considered one of the strongest systems in the market,” A. Ibrahimov concluded.
