As of February 1, 2025, the credit investments in Azerbaijan’s economy stood at almost 29.403 billion manats (just under $17.296 billion), Report informs, citing the Central Bank of Azerbaijan (CBA).
According to the bank’s data, this is a 0.3-percent increase from a month earlier, a 0.4-percent rise compared to the beginning of the year, and a 19.4-percent increase year-on-year.
More than 20.382 billion manats (over $11.989 billion) or 69.3 percent of the credit investments came from private banks, 13.5 percent higher year-on-year.
The credit investments by the state-owned banks exceeded 7.210 billion manats (over $4.241 billion), showing a 22.8-percent growth compared to a year earlier. The proportion of state-owned banks in the credit investments rose from 23.8% to 24.5%.
As of March 1, 2025, the credit investments by the Non-Banking Credit Institutions (NBCIs) surpassed 1.810 billion manats (over $1.065 billion), 2.3 times more year-on-year. The share of the NBCIs in the credit investments increased from 3.2% to 6.2%.
There are 22 banks operating in Azerbaijan.
