Azerbaijan posts 25% decline in troubled loans

As of October 1, 2022, the overdue loans in Azerbaijan stood at 649.5 million manats ($382 million), down 1.5% from the previous month.

According to the Central Bank of Azerbaijan, this figure is 9.7% less than in early 2022 and 25.4% lower than a year earlier.

In the reporting period, the share of troubled loans in the total loan portfolio was 3.3%, while this figure was 4.3% in late 2021 and 5.6% as of October 1, 2021.