Banks in Azerbaijan issued loans totaling 28.7 billion manats (≈ $16.9 billion) in the first eight months of 2025, with 21.8 billion manats (≈ $12.8 billion) concentrated in Baku, according to olke.az.
The capital also recorded the lowest interest rates in the country, averaging 12.63%.
In contrast, borrowing in the regions remains far more expensive, with interest rates approaching 20%. The highest rates were registered in:
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Nagorno-Shirvan – 19.95%
Mil-Mughan – 19.88%
Lankaran-Astara – 19.65%
Karabakh – 19.64%
Shirvan-Salyan – 19.59%
