BAKU, Azerbaijan, February 28. Business loans provided by Azerbaijani banks to the construction sector reached about 1.3 billion manat ($805.8 million) by the end of January 2025.
Data obtained by Trend from the Central Bank (CBA) indicates that this figure has increased by 3 million manat ($1.7 million), or 0.2 percent, compared to the end of 2024 (1.36 billion manat ($799.9 million)).
In the reporting month, the total loan portfolio of banks stood at 27.5 billion manat ($16.1 billion). Of this portfolio, 14.7 billion manat ($8.6 billion) fell for business loans, 8.5 billion manat ($5 billion) for consumer loans, and 4.2 billion manat ($2.5 billion) for mortgage loans.
The volume of business loans increased by 1.8 billion manat ($1.06 billion) or 13.9 percent compared to the same period last year. By the end of the first month of 2024, the volume of business loans granted by Azerbaijani banks totaled $12.9 billion.
