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Azerbaijan’s Nakhchivan reveals volume of loans issued in 9M2021

Economy Materials 20 November 2021 12:20 (UTC +04:00)
Azerbaijan’s Nakhchivan reveals volume of loans issued in 9M2021

BAKU, Azerbaijan, Nov. 20

By Khagan Isayev – Trend:

Banks and credit organizations of Azerbaijan’s Nakhchivan Autonomous Republic (NAR) issued loans to legal entities and individuals in the amount of about 164.9 million manats ($97 million) in 9M2021, Trend reports with reference to the State Statistics Committee of the NAR.

According to the committee, the mentioned figure is 15.7 percent more than the same period last year, which amounted to 139 million manats ($81.8 million).

The committee reports that of this, short-term loans accounted for 18.33 million manats ($10.8 million), or 11.1 percent of all issued loans, long-term loans - 146.55 million manats ($86.2 million) or 88.9 percent.

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