Economy

Overdue loans in Azerbaijan shrink in December

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The amount of overdue loans in Azerbaijan as of January 1 amounted to 1,626.7 million AZN.

Report informs referring to the Central Bank of Azerbaijan (CBA), this is less by 263.6 million AZN or 13.95% compared to December 1, 2017.

Compared to the beginning of 2017, problem loans amounted to 154.1 mln. AZN or 10.46%.

Overdue loans in total loan portfolio at the end of last year made 13.84%. This ratio was 15.46% to the end of November 2017 and 8.95% to the beginning of 2017.

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