Azerbaijani banks expect demand for consumer loans to grow by 13%

Azerbaijani banks expect demand for consumer loans to grow by 13% in the third quarter of 2023, Report informs, citing a survey on lending by the Central Bank of Azerbaijan (CBA).

In addition, in the third quarter, demand is projected to increase by 6% for car loans, by 17% for card loans, by 10% for salary-based loans, and by 8% household loans.

According to the survey results, in the second quarter of this year, the demand for consumer loans in Azerbaijani banks increased by 29%.