loans
Azerbaijan's Banks Introduce Unified Limit on Gambling Transactions
Financial institutions in Azerbaijan have agreed to unify restrictions on transactions related to illegal gambling and bookmaking. Now, no more than five such transactions are allowed per card.
Azerbaijan's Banking Sector Assets Up 12.2%
As of September 1, the assets of Azerbaijani banks reached 62.5 billion manats, up 12.2% year-on-year. The loan portfolio and deposits also showed growth.
Azerbaijan's Mortgage and Credit Guarantee Fund cuts lending by 13.7%
In January–August 2024, Azerbaijan's Mortgage and Credit Guarantee Fund issued 262.9 million manats in loans, down 13.7% year-on-year. Refinanced loan volumes also declined.
Azerbaijan's Mortgage Fund Issues Loans Worth 4.09 Billion Manats
The Mortgage and Credit Guarantee Fund has issued loans totaling 4 billion 91.682 million manats to 60,016 borrowers. Additionally, 10,092 apartments have been sold through lease.
Bank Respublika Launches '100 Days Interest-Free' Campaign for Micro and Agricultural Loans
Bank Respublika has launched the '100 DAYS INTEREST-FREE' campaign for entrepreneurs. Clients who take out a micro or agricultural loan will not pay interest for up to the last 100 days of the loan term.
Credit Investments in Karabakh and Eastern Zangezur Up 17%
As of August 1, credit investments in Azerbaijan's Karabakh and Eastern Zangezur economic regions reached AZN 611.145 million, up 17% year-on-year.
Azerbaijan Mortgage Fund Issues Loans to 59,216 Borrowers Worth 4.3 Billion Manats
The Mortgage and Credit Guarantee Fund of Azerbaijan has issued loans totaling 4 billion 338 thousand manats to 59,216 borrowers and sold 9,657 apartments through rental.
Azerbaijan Banks' Loan Portfolio Grows by 3%
According to the Central Bank of Azerbaijan, as of June 30, the loan portfolio of the country's banks increased by 3% to 31.821 billion manats.