Overdue loans in Azerbaijan rise 17% year-on-year

The volume of overdue loans in Azerbaijan"s banking system stood at 562 million manats ($330.6 million) as of March 1 this year.

According to Report, citing the Central Bank of Azerbaijan (CBA), this is 0.8% higher than on February 1, up 7.15% compared to the beginning of the year, and up 17.1% year-on-year.

By the end of February, the share of overdue loans in the total loan portfolio reached 1.8%. At the end of January, this figure stood at 1.7%, at the end of last year - 1.6%, and at the end of February last year - 1.6%.