Baku, Azerbaijan, Sept. 15
By Anvar Mammadov – Trend:
The loans given to the population in Azerbaijan's districts totaled 2.41 billion manat in July 2016, or 14.4 percent of the banks' total loan portfolio and 27.2 percent less than in the same period of 2015, the Azerbaijani Central Bank’s (CBA) report said.
According to the report, the loans worth 14.31 billion manat were issued in Baku.
The loans in national currency (manat) amounted to 7.05 billion manat (49.3 percent).
For comparison, the loans amounting to 16.88 billion manat were issued in Baku in July 2015. Some 9.04 billion manat (53.6 percent) of that amount accounted for the loans in national currency.
The average interest rate on loans throughout the country was 11.3 percent in July 2016, while in Baku that index stood at 9.9 percent.
The lending volume in the Absheron economic district totaled 495.91 million manat at an average rate of 16.6 percent.
In other economic districts the lending index was as follows: Aran – 579.47 million manat at a rate of 22.7 percent, Mountainous Shirvan – 98.83 million manat at a rate of 20.4 percent, Ganja-Gazakh – 510.08 million manat at a rate of 19.7 percent, Guba-Khachmaz – 188.82 million manat at a rate of 19.6 percent, Lankaran – 221.31 million manat at a rate of 21.9 percent, Shaki-Zagatala – 165.94 million manat at a rate of 21.6 percent, the Upper Karabakh – 41.24 million manat at a rate of 18.1 percent, Kalbajar-Lachin – 1.17 million manat at a rate of 13.4 percent, Nakhchivan – 104.68 million manat at a rate of 12.5 percent.