As of December 1, 2025, the volume of loans extended to medium-sized businesses in Azerbaijan reached 2.279 billion manat, marking a modest monthly increase of 0.6% (13.1 million manat) compared to November 1, 2025, and a substantial year-on-year growth of 24.6% (449.4 million manat). For comparison, the volume of loans to medium-sized businesses stood at 2.266 billion manat as of November 1, 2025, and 1.830 billion manat in December 2024.
The post SME lending expands in Azerbaijan as banks and state programs fuel non-oil growth first appeared on The South Caucasus News – SouthCaucasusNews.com.
