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Overdue loans soar again in Azerbaijan
Finance
- 07 March, 2018
- 12:07
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Baku. 7 March. REPORT.AZ/ The amount of overdue credits in Azerbaijan as of February 1 amounted to 1 695.9 mln. AZN.
Report informs referring to the Central Bank of Azerbaijan (CBA), this is 69.2 million AZN or 4,25% more compared to the beginning of this year.
In annual comparison, problem loans soared 62.8 million manat or 3.85%.
By late January, overdue loans in total loan portfolio accounted for 14.5%. This ratio was 13.8% at the beginning of 2018 and 9.8% in late January 2017.
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