Credit investments of banks and non-bank credit organizations in Azerbaijan's economy by January 1 of this year were equal to 18 billion 542,600,000 manat (+ 20.2% yoy).
According to the Central Bank of Azerbaijan, the volume of overdue credit investments in this segment amounted to 976.3 million manat (+ 23.1%). In total, state-owned banks granted loans of 6 billion 143,800,000 manat (33.1% of all loans or + 15.9%), while most of the investments are in the private banking sector - 11 billion 873,600,000 manat (64% of all loans or + 22.5%). The remaining 2.9% are non-bank credit organizations.
Loans in national currency are 13 billion 505,600,000 manat (+ 22%) and loans in foreign currency are 5 billion 37 million manat (+ 15.9%).
In the structure of credit investments by banks in the first place are households - 7 billion 731,800,000 manat (44% of the total), the share of trade and services is 2 billion 680,700,000 manat (14.5%), construction and real estate - 2 billion 555,100,000 manat (13.8%), industry and the manufacturing sector - 2 billion 27.8 million manat (10.9%). The rest is minor - the sphere of energy and chemistry, as well as the natural resources sector was allocated 195.8 million manat (1.1%), agriculture and processing - 847.3 million manat (4.6%), transport and communication - 736 million manat (4%) .-- 17D-
Economics
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Azerbaijan’s state-owned energy company, SOCAR, is deepening its engagement in international gas projects as it seeks to diversify supply routes to Europe. In January 2025, the company acquired a 10% stake in Israel’s Tamar gas field, which holds an estimated 300 billion cubic meters (bcm) of natural gas. The field, located near the giant Leviathan deposit, is seen as a key source for expanding gas exports from the eastern Mediterranean.
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Police officers from the 36th Department of the Khatai District Police Department have detained Saday Sarkarov, who was elected by residents of the residential complex at 58b Ganja Avenue to represent their interests in court against the management company Xətai Park Servis.
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Kazakhstan’s budget airline FlyArystan has launched ticket sales for the Baku-Astana-Baku route ahead of the summer travel season, the airline’s press service said on Monday.
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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