Azerbaijan posts 20% decline in troubled loans

As of October 1, 2023, overdue loans in Azerbaijan amounted to 519.8 million manats ($305.76 million), down 2.7% from a month earlier, Report informs, citing the Central Bank of Azerbaijan.

The amount of problem loans in the country decreased by 12.4% compared to the beginning of the year, and by 20% in comparison to a year earlier.

By the end of September of this year, the share of overdue loans in the total loan portfolio was 2.3%, while this figure was 2.4% at the end of August, 2.9% at the end of last year, and 3.3% at the end of September last year.