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Over 13 percent of Azerbaijani banks’ loans account for regions

Business Materials 12 December 2013 15:29

Baku, Azerbaijan, Dec. 12
By Emin Aliyev - Trend:

The loans, delivered to the population in Azerbaijan's regions, amounted to 1974.6 million manat in January-October 2013, or 13.17 per cent of the total loan portfolio of banks, the Central Bank of Azerbaijan (CBA) reported on its website.

According to the CBA, in Baku this figure amounted to 13 016.8 million manat, where the loans in the national currency accounted for 9 208.4 million manat. As of November 1, 2013 the average interest rate on loans in the country was 14.2 per cent, and in Baku - 13.3 per cent.
The crediting volume in Absheron economic region amounted to 444.1 million manat at an average rate of 18.8 per cent, in Aran - 694.25 million manat at a rate of 19.9 per cent, in Mountain-Shirvan - 68.1 million manat at a rate of 22.2 per cent, in Ganja - Gazakh - 258.7 million manat - 20.3 per cent, in Guba-Khachmaz - 73.3 million manat - 21.3 per cent, in Lankaran - 202.8 million manat - 21.9 per cent, in Sheki-Zagatala - 98.7 million manat - 20.9 per cent, in Upper Karabakh - 39.32 million manat - 14.9 per cent, in Kalbajar-Lachin - 14.1 million manat - 22.1 per cent, in Nakhchivan - 81.2 million manat - 15.6 per cent.
There are 43 banks operating in Azerbaijan.

The official exchange rate is 0.7843 AZN/USD on Dec.12.

Translated by M.L.

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