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.
