Azerbaijan posts 24% decline in troubled loans

As of July 1 of this year, overdue loans in Azerbaijan amounted to 502.3 million manats ($295.5 million), up 2.5% from a month earlier, Report informs, citing the Central Bank of Azerbaijan.

The amount of problem loans in the country decreased by 15.4% compared to the beginning of the year, and by 24% in the last one year.

By the end of June this year, the share of the overdue loans in the total loan portfolio was 2.3%. This figure was 2.3% at the end of May, 2.9% at the end of last year, and 3.5% at the end of June last year.