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Some 15% of bank loans fall to Azerbaijani regions

Business Materials 11 April 2014 17:15 (UTC +04:00)

Baku, Azerbaijan, April 11

By Emin Aliyev - Trend

The loans, delivered to the population in Azerbaijan's regions, amounted to 2.324.80 billion manat in Jan.-Feb. 2014, or 14.83 percent of the total loan portfolio of banks, according to the statistics report of the Azerbaijani Central Bank (CBA).

In Baku this figure amounted to 13.343.1 billion manat, where the loans in the national currency accounted for 3.855.3 billion manat. As of February 2014, the average interest rate on loans in the country was 14.4 percent, and in Baku - 13.3 percent, according to the CBA.

The crediting volume in the Absheron economic region amounted to 463.7 million manat at an average rate of 18.8 percent, in Aran - 817.9 million manat at a rate of 20.7 percent, Mountain-Shirvan - 89.7 million manat at a rate of 23.7 percent, Ganja-Gazakh - 311.7 million manat - 21.8 percent, Guba-Khachmaz - 96.1 million manat - 21.1 percent, Lankaran - 249.2 million manat - 23.4 percent, Sheki-Zagatala - 127.2 million manat - 20.4 percent, Upper Karabakh - 52.9 million manat - 18.3 percent , Kalbajar-Lachin - 20.3 million manat - 24.3 percent, Nakhchivan - 95.8 million manat - 16.5 percent.

Translated by NH
Edited by CN

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