BAKU, Azerbaijan, April 2. Credit investments in Azerbaijan's economy have reached a significant level, totaling 29.4 billion manat ($17.2 billion) as of March 1, 2025.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) indicates that this figure represents an increase of 4.8 billion manat ($2.8 billion), or more than 19 percent, compared to the same period last year.
During the reporting period, state-owned banks have provided 7.2 billion manat ($4.2 billion) in loans to the economy, which is an increase of 1.3 billion manat ($764.7 million), or about 22.7 percent, from the previous year. Meanwhile, private banks contributed 20.4 billion manat ($11.9 billion), marking a rise of 2.4 billion manat ($1.4 billion), or 13.5 percent, and non-bank credit organizations issued loans totaling 1.8 billion manat ($1 billion), which is 2.3 times higher compared to last year.
The share of loans provided by state-owned banks to the economy during this period was 24.5 percent. In addition, private banks contributed 69.3 percent, while non-bank credit organizations accounted for 6.2 percent of the total credit investments.