Problem loans in Azerbaijan continue to grow
Problem loans in Azerbaijan continue to grow
The Central Bank of Azerbaijan has published a statistical bulletin on the results of the first quarter of 2024.
According to the document, as of the end of March, overdue loans in Azerbaijan amounted to 470.8 million manats, which is up by 0.35% from the end of February.
Add that the amount of problem loans in the country rose by 7.5% as compared to the end of the last year, and declined by 20.3% over the past year.
A share of loans overdue as of April 1 in the total loan portfolio amounted to 1.9%. This rate was also 1.9% on March 1; 1.8% on January 1 and 2.9% on April 1 last year.
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- Politics
- 26 April 2024 11:21
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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