Azerbaijan posts 18% decline in troubled loans

As of December 1, 2022, the overdue loans in Azerbaijan stood at 641.3 million manats ($377 million), down 0.7% from the previous month.

According to the Central Bank of Azerbaijan, this figure is 10.9% less than in early 2022 and 18.4% than a year earlier.

In the reporting period, the share of troubled loans in the total loan portfolio was 3.2%, while this figure was the same last month, 4.2% in late 2021 and 4.7% as of December 1, 2021.