Baku: Credit investments in Azerbaijan’s economy have experienced a significant rise, growing by over 23% compared to the previous year. As of October 1, 2024, total credit investments, including both bank and non-bank sectors, reached 28,404.6 million manats.

According to Azeri-Press News Agency, this figure represents an 18.5% increase from the start of the current year. When compared to October 1, 2023, there is a notable 23.4% growth, equivalent to an increase of 5 billion 386 million manats in credit investments.

This upward trend highlights the dynamic financial landscape in Azerbaijan, driven by increased lending activities in both banking and non-banking sectors as reported by the Central Bank of Azerbaijan.