Azerbaijan posts 12% decline in troubled loans

As of May 1, 2023, the overdue loans in Azerbaijan stood at 591.8 million manats ($348.1 million), up 0.2% from the previous month.

According to the Central Bank of Azerbaijan, this figure is 0.3% less than in early 2023 and 12.3% less than a year earlier.

In the reporting period, the share of troubled loans in the total loan portfolio was 2.8%, while this figure was 2.9% in late March, 2.9% in late 2022, and 3.7% as of April 1, 2022.