BAKU, Azerbaijan, Dec. 27
By Khagan Isayev - Trend:
Banks and credit organizations of Azerbaijan’s Nakhchivan Autonomous Republic (NAR) increased the issuance of loans to legal entities and individuals, Trend reports citing the State Statistics Committee of the NAR.
According to the committee, this figure exceeded 207.6 million manat ($122.1 million), up by 26 percent on annual basis.
Some 185.48 million manat ($109.11 million), or 89.3 percent, of the above sum, accounted for long-term loans, and nearly 22.2 million manat, ($13 million) or 10.7 percent for short-term loans.
Some 961.6 million manat ($565.6 million) were allocated to the fixed capital from January through November of 2021 for the development of the socio-economic sphere of the Nakhchivan Autonomous Republic (NAR), which is 1.3 percent more than over the same period of 2020.
According to the committee, 95.1 percent (914.6 million manat or $538 million) of investments in fixed assets fell on construction and installation works.
(1 USD = 1.7 AZN on Dec. 27)