BAKU, Azerbaijan, August 23. The volume of loans issued in the capital and regions of Azerbaijan on July 31, 2023, increased by 2 billion manat ($1 billion), or 15 percent year-on-year, amounting to 21 billion manat ($12 billion), Trend reports.
According to the Central Bank of Azerbaijan (CBA), loans in the amount of 16 billion manat ($9 billion) were issued in Baku during the specified period, which is three times higher than the total volume of loans issued in all regions of the country.
In Baku, loans in national currency accounted for 12 billion manat, or $7 billion (75 percent of the total volume of loans in Baku).
The average annual interest rate in the country was 12 percent; in Baku, it was 10 percent.
Credit allocation table (as of July 31, 2023):
|
Loan volume (in manat) |
Average interest rate, in percent |
Share of total deposits, in percent |
|
|
Azerbaijan |
21 billion ($12 billion) |
12 |
100 |
|
Baku |
16 billion ($9 billion) |
10 |
76 |
|
Economic areas including : |
5 billion ($2 billion) |
23 |
|
|
Nakhchivan |
369 million ($217 million) |
13 |
1 |
|
Absheron-Khizi |
805 million ($473 million) |
15 |
3 |
|
Mountainous Shirvan |
150 million ($88 million) |
19 |
0,71 |
|
Ganja-Dashkesan |
653 million ($384 million) |
16 |
3 |
|
Karabakh |
375 million ($220 million) |
19 |
1 |
|
Gazakh-Tovuz |
399 million ($234 million) |
18 |
1 |
|
Guba-Khachmaz |
380 million ($223 million) |
17 |
1 |
|
Lankaran-Astara |
509 million ($299 million) |
19 |
2 |
|
Central Aran |
441 million ($259 million) |
18 |
2 |
|
Mil-Mughan |
228 million ($134 million) |
19 |
1 |
|
Shaki-Zagatala |
366 million ($215 million) |
17 |
1 |
|
Eastern Zangazur |
- |
- |
- |
|
Shirvan-Salyan |
353 million ($207 million) |
18 |
1 |