Problem loans down 27% in Azerbaijan

As of May 1 this year, overdue loans in Azerbaijan amounted to 674.8 million manats ($381.2 million), Report informs referring to CBA.

This is 1.5% less than on April 1.

Problem loans in the country decreased by 6.2% compared to the beginning of the year and by 26.8% year-on-year.

At the end of April, the share of overdue loans in Azerbaijan’s total loan portfolio amounted to 3.7%. This figure was 4.2% by the end of last year, and 6.1% by the end of April last year.