Over 87 percent of bank loans in Azerbaijan account for capital
Azerbaijan, Baku, Jan. 8 /Trend/
The loans given to the population in Azerbaijani regions hit 1.521.01 billion manat as of Dec. 1 or 12.63 percent of the total volume of the loan portfolio of the banks, a statistical report of Azerbaijani Central Bank (CBA) published on its website said.
According to the CBA, the figure was equivalent to 10.521.36 billion manat in Baku, including 6.979.74 billion manat as loans in national currency.
The interest rate of loans averaged 15.4 percent by Dec., including 14.6 percent in Baku.
The amount of crediting was equivalent to 368.5 million manat (average interest rate of 17.9 percent) in the Absheron economic region, 327.7 million manat (22.2 percent) in the Aran region, 36.3 million manat (22.1 percent) in the Mountain Shirvan region, 327.27 million manat (20.7 percent) in the Ganja-Gazakh region, 132.77 million manat (19.5 percent) in the Guba-Khachmaz region, 133.17 million manat (24.4 percent) in the Lenkoran region, 93.3 million manat (23.7 percent) in the Sheki-Zagatala region, 14.9 million manat (22 percent) in the Upper Karabakh region, 3.04 million manat (17.9 percent) in the Kalbajar-Lachin region, 83.92 million manat (12.5 percent) in the Nakhchivan region.
Some 43 banks currently operate in Azerbaijan.
The official exchange rate as of Jan. 8 is 0,7848 AZN/USD.