Baku, Azerbaijan, Aug.10
By Azad Hasanli - Trend:
Azerbaijani banks increased the consumer lending volume by 15.6 percent in the first half of 2015 compared to the same period of 2014, said the Central Bank of Azerbaijan's report on January-June of 2015.
The share of consumer loans in a total volume of the banks' loan investments amounted to 38.9 percent, or 7.88 billion manats (AZN).
The official exchange rate of August 10 is 1.0494 AZN/USD.
For comparison: their share accounted for 40.7 percent, and the amount of issued loans - 6.8 billion manats in January-June 2014.
The trade and services (14.2 percent or 2.89 billion manats) ranked second on the share in the total loan portfolio of banks. The construction and real estate sector (13.8 percent or 2.79 billion manats) ranked third.
Around 10.7 percent of the total volume of lending to the real sector of Azerbaijan was directed to the industry and production. In nominal terms it amounts to 2.17 billion manats.
The share of transport and communication hit 4.4 percent (894.9 million manats), agriculture and processing reached 4.6 percent (937.9 million manats), energy, chemistry, and natural resources - 1.4 percent (280.2 million manats).
There are 43 banks in Azerbaijan (two of them are state-owned).