US Europe Arab Asia Africa | Politics Economy Oil&Energy Entertainment Sport French Spanish

Azerbaijan Banks Allocate $264.7M For Green Financing In Eighteen Months

Date: 2026-11-04 05:31:42

(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 4. The volume of loans allocated by Azerbaijan's banking sector for green financing has exceeded 450 million manat ($264.7 million) over an 18-month period covering 2025 and the first six months of 2026, President of the Azerbaijan Banks Association (ABA), Zakir Nuriyev, told Trend on the sidelines of a tree-planting campaign held to mark Victory Day on Wednesday.

According to him, this amount was allocated across 1,178 loans under green financing initiatives.

"Azerbaijan's target for green financing remains unchanged at 2 billion manat ($1.18 billion)," he added.

Azerbaijan's banking sector made a voluntary commitment to allocate 2 billion manat ($1.18 billion) by 2030, which was announced at COP29.

MENAFN04112026000187011040ID1111913838

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Azerbaijan Banks Allocate $264.7M For Green Financing In Eighteen Months

More Story