Loan investments of Azerbaijani banks exceed $11.75B for first time in 7 years

As of April 1 of this year, loan investments of Azerbaijani banks amounted to 20,038.6 million manats ($11,771 million), Report informs, referring to the Central Bank of Azerbaijan (CBA).

According to the information, this is 1.4% more than March 1, 2.3% more than the beginning of the year, and 14.3% more than the last year.

The last time when banks' loan investments exceeded 20 billion manats ($11,750 million), was on February 1, 2016.