Azerbaijani banking sector’s assets rise by 5%

As of January 1, 2024, the assets of Azerbaijan-based banks amounted to over 49,178.2 million manats ($29 billion), up 4.5% from a year earlier, Report informs, citing the Central Bank of Azerbaijan (CBA).

The loans to customers amounted to 21,844.6 million manats ($12.9 billion). Year-on-year, the loan portfolio grew by 18.5%, and the share of loans in assets rose from 39.2% to 44.4%.

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