Credit investment in Nakhchivan’s economy rises by nearly 8%

As of May 1, 2025, credit investment in the economy of the Nakhchivan Autonomous Republic of Azerbaijan amounted to just over 435.76 million manats (over $256.3 million), marking a 7.5% increase year-on-year, Report informs, citing the Nakhchivan Office of the Central Bank of Azerbaijan (CBA).

Private banks accounted for just over 282 million manats (about $165.9 million) or 64.7% of credit investment, 2.3% less than a year ago.

As of May 1, credit investment by state banks amounted to nearly 128 million manats (approximately $75.3 million), 27.4% more than in the previous year. During the year, the share of state banks in total credit investment increased from 24.8% to 29.4%.

During the mentioned period, credit investment by non-bank credit organizations (NBCOs) amounted to approximately 25.76 million manats ($15.15 million). This is 58.8% more than the previous year. During the year, the share of non-bank financial institutions in total credit investment increased from 4% to 5.9%.