1.7% of credit investments in Azerbaijan are problematic
The Central Bank of Azerbaijan has released a statistical bulletin on the results of January-September 2024.
The document says that by the end of September AZN 480 million of loans were overdue in the country. This is up by 1.5% from the end of August.
Note that the problem loans grew by 9.6% as compared to the end of the last year and dropped by 7.65% over the past year.
A share of loans past due as of 1 October in the total loan portfolio was 1.7%. On 1 September, the figure stood at 1.7%, at the beginning of the year - 1.8%, and on 1 October last year - 2.4%.
Finance
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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