Credit investments in Azerbaijan's economy grows nearly 17%

As of April 1, 2025, the credit investments in Azerbaijan's economy exceeded 29.679 billion manats ($17.458 billion), Report informs, citing the Central Bank of Azerbaijan (CBA).

According to the bank’s data, this is a 0.9-percent increase from a month earlier, a 1.3-percent rise compared to the beginning of the year, and a 16.7-percent increase year-on-year.

Approximately 20.602 billion manats (just under $12.119 billion) or 69.4 percent of the credit investments came from private banks, 13.9 percent higher year-on-year.

The credit investments by the state-owned banks exceeded 7.275 billion manats (about $4.280 billion), showing a 20.9 percent growth compared to a year earlier. The proportion of state-owned banks in the credit investments rose from 23.6% to 24.5%.

As of April 1, 2025, the credit investments by the Non-Banking Credit Institutions (NBCIs) surpassed 1.802 billion manats ($1.06 billion), 34.5% more year-on-year. The share of the NBCIs in the credit investments increased from 5.3% to 6.1%.

There are 22 banks operating in Azerbaijan.