Non-performing loans reached 0.634 AZN bil in 2011 in Azerbaijan, according to the National Central Bank. This is 28.6 % more than in the previous year.
Historically, non-performing loans in Azerbaijan reached an all time high of 0.634 AZN bil in 2011 and an all time low of 0.045 AZN bil in 1995. When compared to Azerbaijan's main peers, non-performing loans in Azerbaijan amounted to 0.634 AZN bil, 0.354 GEL bil in Georgia and 1,923 RUB bil in Russia in 2011.
Azerbaijan has been ranked 94th within the group of 105 countries we follow in terms of non-performing loans, 70 places behind the position seen 10 years ago.
A non-performing loan is a loan that is in default or close to being in default.