Azerbaijan posts 25% decline in troubled loans

As of August 1 of this year, overdue loans in Azerbaijan amounted to 494.7 million manats ($291.12 million), down 1.5% from a month earlier, Report informs, citing the Central Bank of Azerbaijan.

The amount of problem loans in the country decreased by 16.7% compared to the beginning of the year, and by 25.3% in comparison to a year earlier.

By the end of July this year, the share of overdue loans in the total loan portfolio was 2.2%. This figure was 2.3% at the end of June, 2.9% at the end of last year, and 3.5% at the end of June last year.