On the results of the Credit Conditions Survey for Q1 2024

11-06-2024

Baku, June 11, 2024: The Central Bank of the Republic of Azerbaijan announced the results of banks’ credit activity survey for the first quarter of 2024. The survey includes assessment of supply and demand factors for business, consumer and mortgage loans.

According to the results of the survey, in Q1 2024, banks' credit policy for both business and consumer loans remained unchanged, while the demand for business loans decreased and the demand for consumer loans increased. Banks stated that they expect the easing of credit standards for all 3 segments of the credit portfolio and the increase in loan demand in the second quarter of 2024. Changes in the credit policy are constantly monitored by the Central Bank and the appropriate prudential policy is determined.

The results of the Credit Conditions Survey Q1 2024 are available at the following link:

Credit Conditions Survey