Central Bank publishes results of the Credit Conditions Survey

19-06-2023

19 June 2023, Baku: The Central Bank of the Republic of Azerbaijan announced the results of banks’ credit activity survey for Quarter 1, 2023. The survey includes assessment of supply and demand factors for business, consumer and mortgage lending, as well as identification and assessment of banks’ risks.

According to the survey results, in Q1 2023 the easing of banks’ credit policy and increase in demand for loans continued. However, compared to past quarters, both business and consumer portfolios saw a slowdown in the easing trend. Banks said they expect credit policy easing to continue in the second quarter of 2023 and demand for loans to increase. Changes in the credit policy are constantly under scrutiny by the Central Bank and the appropriate prudential policy is determined.

The results of the Credit Conditions Survey Q1 2023 are available at the following link:

Credit Conditions Survey Q1 2023