BAKU, Azerbaijan, July 25. The volume of problem loans in Azerbaijan amounted to 527.4 million manat ($311.2 million) as of late June this year
The data obtained by Trend from the Central Bank (CBA) shows that this figure grew by 75.7 million manat ($44.7 million) or 16.8 percent compared to the same period last year (451.7 million manat or $266.5 million), and by 19.1 million manat ($11.3 million) or 3.8 percent from the late May (508.3 million manat or $300 million).
To note, during the reporting month, the banks’ loan portfolio grew by 0.3 percent or 85.6 million manat ($50.5 million), reaching 28.47 billion manat ($16.78 billion). The structure of the loan portfolio consisted of business loans at 53.2 percent (15.14 billion manat or $8.9 billion), consumer loans at 31.3 percent (8.9 billion manat or $5.25 billion), and mortgage loans at 15.5 percent (4.4 billion manat or $2.6 billion).
