Baku, Azerbaijan, Oct. 7
By Azad Hasanli - Trend:
The loans given to the population in Azerbaijan's districts totaled 2.56 billion manat (official exchange rate on Oct. 7 is 1.6036 AZN/USD) in August 2016, or 22.4 percent less than in the same period of 2015, the Azerbaijani central bank’s report said.
The share of districts in a total volume of the banks’ loan portfolio amounted to 15.2 percent (16.4 percent in August 2015), the report said.
According to the report, the loans worth 14.3 billion manat were issued in Baku. The loans in national currency amounted to 7.04 billion manat (49.2 percent).
For comparison, the loans amounting to 16.8 billion manat were issued in Baku in August 2015. Some 9.04 billion manat (53.8 percent) of that amount accounted for the loans in national currency.
The average interest rate on loans throughout Azerbajan was 11.4 percent in August 2016, while in Baku that index stood at 9.8 percent.
District |
loans (thousand manat) |
Interest rate (%) |
Loans in national currency (thousand manat) |
Baku |
14 275 783,6 |
9,8 |
7 036 001 |
Absheron |
518 603,3 |
16,6 |
328 718,2 |
Aran |
629 542,8 |
22,5 |
411 873,8 |
Mountain Shirvan |
109 535,9 |
20,5 |
62 328,5 |
Ganja-Gazakh |
534 456,2 |
19,8 |
355 476,3 |
Quba-Khachmaz |
201 090,9 |
19,8 |
143 265,1 |
Lankaran |
235 895,2 |
22 |
144 742,4 |
Sheki-Zaqatala |
179 847,6 |
21,6 |
125 235 |
Upper Karabakh |
43 953,6 |
18,3 |
39 422,8 |
Kalbajar-Lachin |
1 162,6 |
13,3 |
828,4 |
Nakhchivan |
109 781,9 |
13,2 |
107 246,8 |
Total |
16 839 653,4 |
11,4 |
8 755 138 |