Over 83% of loans issued in Azerbaijan account for Baku
Baku, Azerbaijan, Mar. 6
By Azad Hasanli - Trend:
The loans given to the population in Azerbaijan's districts totaled 3.156 billion manat as of January 2015, or 16.99 percent of the banks' total loan portfolio, the Central Bank of Azerbaijan's report says.
This figure is 42.6 percent more than in the same period of 2014.
The figure hit 15.423 billion manat in Baku. Here the loans in national currency (manat) amounted to 11.060 billion manat.
In January 2015, the average interest rate on loans throughout the country was 13.8 percent, while in Baku this index stood at 12.3 percent.
The lending volume in the Absheron Economic district totaled 610.7 million manat at an average rate of 19.7 percent.
In other economic districts the lending index was as follows: Aran - 1.107 billion manat at a rate of 22 percent, Mountainous Shirvan - 140.99 million manat at a rate of 23.5 percent, Ganja-Gazakh - 431 million manat at a rate of 22 percent, Guba-Khachmaz - 143.8 million manat at a rate of 20.3 percent, Lankaran - 328.9 million manat at a rate of 23.9 percent, Shaki-Zagatala - 160.6 million manat at a rate of 20.6 percent, the Upper Karabakh - 85.3 million manat at a rate of 21.1 percent, Kalbajar-Lachin - 33.95 million manat at a rate of 25.7 percent, Nakhchivan - 113.7 million manat at a rate of 13.4 percent.
As of February 1, 2015, the total volume of the bank loans amounted to 18.580 billion manat, which is 19.59 percent more than in 2014.
There are 45 banks in Azerbaijan.
The official exchange rate is 1.049 AZN/USD on March 6.
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