BAKU, Azerbaijan, January 10. The total amount of loans extended to legal entities in the industrial and manufacturing sectors hit the mark of 1.5 billion manat ($882 million) as of December 1 of last year.
The data obtained by Trend from the country's Central Bank shows that this is by 9.5 million manat ($5.5 million), or 0.6 percent more in the monthly comparison, and by 329.3 million manat ($193.7 million), or 27.7 percent more in the year-on-year calculation.
To note, investments of credit organizations in the economy of Azerbaijan amounted to 29.1 billion manat ($17.1 billion) as of December 1 last year. This is 5.4 billion manat ($3.1 billion), or 23.1 percent more than for the same period in 2023.
A total of 22 banks are currently functioning within the jurisdiction of Azerbaijan, with 2 of these entities being under state ownership. The aggregate count of NCOs stands at 55.