Azerbaijan sees nearly 4% rise in troubled loans

As of March 1, 2023, the overdue loans in Azerbaijan stood at 606.1 million manats ($356.5 million), up 3.8% from the previous month.

According to the Central Bank of Azerbaijan, this figure is 2.1% more than early 2023, and 12.2% less than a year earlier.

In the reporting period, the share of troubled loans in the total loan portfolio was 3%, while this figure was 2.9% in January and late 2022, and 3.9% as of March 1, 2022.