Fx denominated loans as a share of bank loans reached 30.3% in 2023 in Azerbaijan, according to the National Central Bank. This is 17.0% less than in the previous year.
Historically, FX denominated loans as a share of bank loans in Azerbaijan reached an all time high of 36.5% in 2022 and an all time low of 30.3% in 2023.
Azerbaijan has been ranked 23rd within the group of 75 countries we follow in terms of FX denominated loans as a share of bank loans.
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