BAKU, Azerbaijan, May 1. Business loans issued by banks in Azerbaijan to the construction sector reached a total of 1.45 billion manat ($852.9 million) as of April 1, 2025.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) indicates that this figure represents an increase of 203 million manat ($119.4 million), or 12.5 percent, compared to the same period last year.
Additionally, the total business loan portfolio of banks operating in Azerbaijan amounted to 14.9 billion manat ($8.7 million) during this period.
Moreover, the business loan portfolio of banks in the country grew by 13.1 percent, or 1.7 billion manat ($1 billion) in comparison to April 1, 2024.
