Significant Growth in Credit Investments in Azerbaijan’s Economy
Credit investments in Azerbaijan’s economy reached almost 29.403 billion manats (just under $17.296 billion) as of February 1, 2025, according to official data from the Central Bank of Azerbaijan (CBA). This marks a 0.3% increase from the previous month, a 0.4% rise compared to the beginning of the year, and a significant 19.4% increase compared to the same period last year.
The majority of credit investments, totaling more than 20.382 billion manats (over $11.989 billion) or 69.3% of the total, came from private banks. This reflects a 13.5% increase compared to the previous year. State-owned banks, on the other hand, contributed over 7.210 billion manats (over $4.241 billion) to the credit investments, showing a growth of 22.8% from the previous year. The proportion of state-owned banks in credit investments also rose from 23.8% to 24.5%.
Furthermore, Non-Banking Credit Institutions (NBCIs) in Azerbaijan saw their credit investments surpass 1.810 billion manats (over $1.065 billion) as of March 1, 2025. This represents a significant 2.3 times increase from the previous year, with the NBCIs’ share in credit investments rising from 3.2% to 6.2%.
Currently, there are 22 banks operating in Azerbaijan, contributing to the country’s growing credit investments and economic development. The data reflects the positive trends in credit investments in Azerbaijan, signaling a stable and growing economy.
