CBA posts rising debt burden among Azerbaijani population

Despite positive growth in disposable income among Azerbaijan's population in 2024, the Central Bank of Azerbaijan (CBA) has highlighted an increase in the proportion of debt burden relative to disposable income, Report informs.

According to the CBA's Financial Stability Report, the debt burden ratio rose by 2.2 percentage points from the end of last year, reaching 18%.

"Based on the results of a survey on lending activities and funding sources conducted among banks, 15% of banks announced a moderate increase in population borrowing. The issue of indebtedness is kept in focus and regulatory policy is being formulated in this direction," the CBA noted.