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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The Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
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