Azerbaijan unveils details on banks’ non-performing loan write-offs
Azerbaijan's banking sector experienced significant debt write-offs, primarily in the consumer loan portfolio, amid a rise in non-performing loans across various sectors. trend.az »
Write-offs - Последние новости | |
Azerbaijan's banking sector experienced significant debt write-offs, primarily in the consumer loan portfolio, amid a rise in non-performing loans across various sectors. trend.az »
In the first half of this year, Azerbaijani banks wrote off nearly 57 million manat in loans, most of which were from consumer lending. Non-performing loans in the business portfolio climbed to about 430 million manat, with the rise largely driven by the construction sector and individual borrowers. trend.az »