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ECONOMY

Bad loans surge 28% in a year

Bad loans surge 28% in a year, exceeding 600 million manats. Experts warn of growing risks.

Samuel Nguyen
BySamuel Nguyen- Senior Editor
|
0
Bad loans surge 28% in a year
Photo: Prepared by Bond.az

Official statistics show overdue loans have exceeded 600 million manats.

The State Statistics Committee reports a 28.7% increase in overdue loans over the past year.

The Central Bank states that 93.8% of loans were issued by banks.

Experts warn that multiple loan obligations complicate repayment.

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Bad loans surge 28% in a year | Bond.az