BAKU, Azerbaijan, October 4. Credit allocations in Azerbaijan's Karabakh economic region have really picked up, hitting 516.5 million manat ($303.8 million) as of September 1, 2025.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA) indicates that this marks an increase of 7.1 million manat ($4.1 million), or 1.4 percent, from the previous month and 51 million manat ($30 million), or 11 percent, compared to the same period last year.
The average interest rate for loans in the region was 19.6 percent, with 515.4 million manat ($303.1 million) issued in national currency and 1.16 million manat ($682,300) in freely convertible currency (FCC).
Meanwhile, in East Zangezur, credit allocations rose to 12.9 million manat ($7.5 million) as of September 1, 2025, up 8 million manat ($4.7 million), or 61.7 percent, from the previous month. The average interest rate for the region stood at 13.8 percent, with 12 million manat ($7 million) issued in national currency and 8.85 million manat ($5.2 million) in FCC.
Across all Azerbaijani regions, total loans reached 28.7 billion manat ($16.8 million), up 206.7 million manat ($121.5 million), or 0.7 percent, from the previous month and 2.62 billion manat ($1.54 million), or 10.1 percent, compared to the same period last year.
