According to the Central Bank, Azerbaijan's non-performing loans have reached 635.4 million manats, a 3.45% increase from May.
Economist Emin Garibli says high interest rates on consumer loans make repayment difficult. Weak macroeconomic indicators also play a role.
Expert Emin Karimov advises: avoid unnecessary loans, prepare a repayment plan, and request restructuring if needed.
Remember: falling for tempting ads is a major cause of problem loans.
