As of May 1, 2024, the banking sector of Azerbaijan amounted to AZN 49 221.6 which is 8% or 3 billion 618 million more than the corresponding period of previous year, APA-Economics reports citing Central Bank of Azerbaijan.
AZN 24 billion 644 million of banks' assets were made up of loans given to clients. In the last 1 year, the credit portfolio of the sector grew by 21%, and the share of loans in assets increased from 44.7% to 50%