Non-performing loans reached 0.806 USD bil in 2011 in Azerbaijan, according to the National Central Bank. This is 30.8 % more than in the previous year.
Historically, non-performing loans in Azerbaijan reached an all time high of 0.806 USD bil in 2011 and an all time low of 0.051 USD bil in 1995. When compared to Azerbaijan's main peers, non-performing loans in Azerbaijan amounted to 0.806 USD bil, 0.213 USD bil in Georgia and 59.9 USD bil in Russia in 2011.
Azerbaijan has been ranked 57th within the group of 95 countries we follow in terms of non-performing loans, 38 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.