Demand for business loans in Azerbaijan increases – survey

The Central Bank of Azerbaijan has released results of a survey on lending activity in the third quarter of 2024. The survey showed that while there were no changes in standards for business loans during the quarter, the demand increased. Besides, standards for mortgage loans continued to tighten. This was mainly seen in domestic mortgage loans. Banks reported lower demand for mortgages amid rising annual interest rates. They expect a relax...

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