Baku: In 10 months of the current year, the loan portfolio of the banking sector increased by 7%, reaching 29.4 billion manats, said Chairman of the Central Bank Taleh Kazimov at today’s session of the Milli Majlis while discussing the 2026 budget package, APA reports.

According to Azeri-Press News Agency, the CBA Chairman stated that the share of non-performing loans in the total portfolio amounted to 2.7%. This indicates that the quality of the loan portfolio is high. The share of business loans in the loan portfolio remained at 53%, proving that the real sector has broad access to financial resources.

The total liabilities of the banking sector increased by 6% in 10 months, reaching 49.2 billion manats, and deposits accounted for 73.3% of this amount. Household deposits amounted to 15.5 billion manats, which corresponds to an 8.7% increase. A 15% increase was observed in time deposits as well. Over the past 3 years, household time deposits have increased on average by 22% annually. This indicates both an improvement in the population’s social welfare level and a high degree of confidence in the banking system.