Baku: The European Bank for Reconstruction and Development (EBRD) reported a slight decrease of 1.3% in its active portfolio in Azerbaijan as of May 31 this year. This reduction, equating to £13 million from the previous month of April, brings the portfolio to a total of £991 million. The number of active projects in the country currently stands at 34.
According to Azeri-Press News Agency, the EBRD noted that a significant portion of the portfolio, 89% or £886 million, is allocated towards sustainable infrastructure. Meanwhile, 5% (£50 million) is invested in industry, commerce, and agribusiness, and 6% (£56 million) is designated for financial institutions. In May, the bank’s operational assets in Azerbaijan saw an increase of 4.1% compared to the previous month, rising to £717 million.
To date, the EBRD has invested a total of £3.783 billion in Azerbaijan across 198 projects, with £3.339 billion already disbursed by borrowers. The private sector accounts for 38% of the total investments made by the bank.