Credit investments in Azerbaijan's economy up over 20%

As of February 1, 2025, the credit investments in Azerbaijan’s economy stood at over 29.325 billion manats ($17.25 billion), Report informs, citing the Central Bank of Azerbaijan (CBA).

According to the bank’s data, this is a 0.1-percent increase from a month earlier and a 20.4-percent increase year-on-year.

More than 20.304 billion manats (just under $11.943 billion), or 69.2 percent, of the credit investments, came from private banks, 14.2 percent higher year-on-year.

The credit investments by the state-owned banks exceeded 7.210 billion manats (over $4.241 billion), showing a 24.8-percent growth compared to a year earlier. The proportion of state-owned banks in the credit investments rose from 23.7% to 24.6%.

As of February 1, 2025, the credit investments by the Non-Banking Credit Institutions (NBCIs) exceeded 1.810 billion manats (over $1.065 billion), 2.3 times more year-on-year. The share of the NBCIs in the credit investments increased from 3.3% to 6.2%.

There are 22 banks operating in Azerbaijan.