Azerbaijan sees 23% decrease in problematic loans
Ulviyya Shahin
Read moreIn Azerbaijan, the number of problematic loans decreased by 23%, Azernews reports, citing the Central Bank of Azerbaijan.
As of March 1st this year, the amount of past-due loans in Azerbaijan amounted to 469.2 million manats.
This is 3.3% higher compared to February 1st.
The number of problematic loans in the country increased by 7.2% compared to the beginning of the year, but decreased by 22.6% over the year.
By the end of February, the overdue loans accounted for 1.9% of the total loan portfolio. This ratio was also 1.9% at the end of January, 1.8% at the end of December last year, and 3% at the end of February last year.
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