Baku, Azerbaijan, July 10
By Maksim Tsurkov – Trend:
The loans given to the population in Azerbaijan's districts totaled 2.955 billion manat as of May 2016, or 16.24 percent of the banks' total loan portfolio and 12.5 percent less than in the same period of 2015, the Azerbaijani Central Bank’s (CBA) report said.
The official exchange rate is 1.5456 AZN/USD July 10.
The loans worth 18.197 billion manat were issued in Baku. The loans in national currency (manat) amounted to 9.676 billion manat.
For comparison, the loans amounting to 17.090 billion manat were issued in Baku in May 2015. Some 9.277 billion manat of this amount accounted for the loans in national currency.
The average interest rate on loans throughout the country was 10.2 percent in May 2016, while in Baku this index stood at 11 percent.
The lending volume in the Absheron economic district totaled 605.8 million manat at an average rate of 16.3 percent.
In other economic districts the lending index was as follows: Aran – 777.3 million manat at a rate of 21.4 percent, Mountainous Shirvan – 109.4 million manat at a rate of 21.4 percent, Ganja-Gazakh – 625.4 million manat at a rate of 19.2 percent, Guba-Khachmaz – 207.1 million manat at a rate of 20.4 percent, Lankaran – 253.3 million manat at a rate of 22 percent, Shaki-Zagatala – 199.46 million manat at a rate of 21.1 percent, the Upper Karabakh – 52.85 million manat at a rate of 18.6 percent, Kalbajar-Lachin – 0.87 million manat at a rate of 16.5 percent, Nakhchivan – 123.2 million manat at a rate of 13.6 percent.
Some 37 banks, including 2 state-owned banks, operate in Azerbaijan.