BAKU, Azerbaijan, April 2. By the time February 2025 rolled around, banks in Azerbaijan had their hands full, dishing out a whopping 2.7 billion manat (or $1.58 billion) in business loans to the industrial sector.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA)
indicates that this signifies a surge of 12 million manat ($7
million), equating to 0.44 percent, relative to the conclusion of
January, at which point the financial allocations to the industrial
sector were recorded at 2.69 billion manat ($1.58 billion).
Furthermore, the aggregate business loan portfolio of financial
institutions in Azerbaijan attained 14.8 billion manat ($8.7
billion) by the conclusion of February, reflecting a 0.5 percent
uptick, or 68 million manat ($40 million), compared to January's
aggregate of 14.7 billion manat ($8.6 billion).
