1.7% of credit investments in Azerbaijan are problematic
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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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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