Azerbaijan posts nearly 9% surge in troubled loans

As of November 1, 2024, overdue loans in Azerbaijan amounted to 479.8 million manats (over $282.2 million), up 0.1 percent from a month earlier, Report informs, citing the Central Bank of Azerbaijan.

Also, the value of troubled loans in the country surged by 9.6 percent compared to early 2024 and grew by 8.95 percent year-on-year.

As of November 1, the share of overdue loans in the total loan portfolio remained at 1.7 percent, unchanged from the end of October 2024. However, this figure stood at 1.8 percent at the beginning of the year and 1.9 percent on November 1, 2023.