Retail loans reached 4.61 AZN bil in 2017 in Azerbaijan, according to the National Central Bank. This is 21.4 % less than in the previous year.
Historically, retail loans in Azerbaijan reached an all time high of 8.38 AZN bil in 2015 and an all time low of 0.042 AZN bil in 2000. When compared to Azerbaijan's main peers, retail loans in Azerbaijan amounted to 4.61 AZN bil, 12.8 GEL bil in Georgia and 12,174 RUB bil in Russia in 2017.
Azerbaijan has been ranked 38th within the group of 40 countries we follow in terms of retail loans, 30 places above the position seen 10 years ago.
A retail loan is a loan provided by a bank to a physical person.