Third of bank loans delivered in foreign currency in Azerbaijani regions
Baku, Azerbaijan, Oct. 14
By Anvar Mammadov - Trend:
The loans given to the population in Azerbaijan's districts totaled 3.312 billion manat as of January-August 2015, or 16.5 percent of the banks' total loan portfolio, the Azerbaijani Central Bank's report as of eight months says.
Almost a third (27.8 percent) of loans or 919.35 million manat allocated to the population in the regions of the country, accounted for the foreign currency.
The loans worth 16.78 billion manat were delivered in Baku. Here the loans in national currency (manat) amounted to 9.04 billion manat (53.9 percent).
For comparison, the loans amounting to 14.52 billion manat were delivered in Baku in the same period of 2014. Some 10.5 billion manat (72.3 percent) of them accounted for the loans in the national currency.
The average interest rate on loans throughout the country was 13.6 percent in January-August 2015, while in Baku this index stood at 12.2 percent.
The lending volume in the Absheron Economic district totaled 645.05 million manat at an average rate of 19 percent.
In other economic districts the lending index was as follows: Aran - 841.8 million manat at a rate of 22.8 percent, Mountainous Shirvan - 115.27 million manat at a rate of 22.8 percent, Ganja-Gazakh - 735.99 million manat at a rate of 19.3 percent, Guba-Khachmaz - 260.07 million manat at a rate of 20.5 percent, Lankaran - 285.77 million manat at a rate of 24 percent, Shaki-Zagatala - 216.60 million manat at a rate of 21.8 percent, the Upper Karabakh - 65.55 million manat at a rate of 19.6 percent, Kalbajar-Lachin - 6.24 million manat at a rate of 17.1 percent, Nakhchivan - 139.76 million manat at a rate of 13.8 percent.
Some 43 banks work in Azerbaijan. Some 763 branches of the banks work throughout the country.
The official exchange rate is 1.0473 AZN/USD Oct. 14.
Edited by CN
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