BAKU, Azerbaijan, Dec. 23
By Nazrin Israfilova - Trend:
Azerbaijani banks increased the issuance of business loans by 12.3 percent from January through October 2021 compared to early 2021 up to 9.5 billion manat ($5.6 billion), Trend reports on Dec. 22 with reference to the Central Bank of Azerbaijan (CBA).
This figure increased by 11.07 percent on an annualized basis.
Azerbaijani banks issued business loans worth 8.6 billion manat ($5.05 billion) from January through November 2020.
The loan portfolio of Azerbaijani banks reached 16.3 billion manat ($9.6 billion) as of late November 2021. Some 4.4 billion manat ($2.6 billion) and 2.3 billion manat ($1.3 billion) in the structure of the loan portfolio accounted for consumer and mortgage loans respectively.
