Assets of banking sector in Azerbaijan increase by AZN 3.6 billion

Assets of banking sector in Azerbaijan increase by AZN 3.6 billion
# 22 May 2024 14:16 (UTC +04:00)

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%

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