Azerbaijani banks provide regions with over 13 percent of loans in 2013
Baku, Azerbaijan, Feb. 10
By Emin Aliyev - Trend:
The loans, delivered to the population in Azerbaijan's regions, amounted to 2.100.3 billion manat in 2013, or 13.62 percent of the total loan portfolio of banks, Central Bank of Azerbaijan (CBA) said on Feb. 7.
In Baku this figure amounted to 13.322.6 billion manat, where the loans in the national currency accounted for 9.464.3 billion manat. As of 2013, the average interest rate on loans in the country was 14.2 percent, and in Baku - 13.3 percent, according to the CBA.
The crediting volume in Absheron economic region amounted to 459.3 million manat at an average rate of 18.3 percent, in Aran - 741.3 million manat at a rate of 19.9 percent, in Mountain-Shirvan - 74.36 million manat at a rate of 22 percent, in Ganja - Gazakh - 268.6 million manat - 20.7 percent, in Guba-Khachmaz - 80.97 million manat - 21 percent, in Lankaran - 218.4 million manat - 21.6 percent, in Sheki-Zagatala - 112.4 million manat - 19.8 percent, in Upper Karabakh - 42.6 million manat - 15 percent, in Kalbajar-Lachin - 15.6 million manat - 21.8 percent, in Nakhchivan - 86.7 million manat - 14.4 percent.
Most of all loans are granted to households in Azerbaijan. As of 2013, households received 40.3 percent or 6.214.7 billion manat, according to the CBA.
The construction and real estate sector (15.3 percent or 2.362.6 billion manat) ranks second, the trade and services (14.4 percent or 2.219.9 billion manat) ranks third.
The industrial and production sector received 9.8 percent of the total lending amount of the Azerbaijani real sector, which hits 1.516.4 billion manat in nominal terms.
Some 3.3 percent (506 million manat) fall to the transport and communication, 4.8 percent (733.3 million manat) - agriculture and processing, 1.9 percent (288.2 million manat) - energy, chemistry, and natural resources, 10.2 percent or 1.573.13 billion manat loans - on the other spheres.
There are 43 banks in Azerbaijan.
The official exchange rate is 0.7843 AZN/USD on Feb. 10.
Translated by NH