Baku, Azerbaijan, Dec. 4
By Anvar Mammadov – Trend:
The loans given to the population in Azerbaijan's districts totaled 2.48 billion manat (official exchange rate on Dec. 4 is 1.7339 AZN/USD) in October 2016, or 15.7 percent of the banks' total loan portfolio and 22.7 percent less than in the same period of 2015, the Azerbaijani Central Bank’s report said.
According to the report, the loans worth 13.34 billion manat were issued in Baku.
The loans in national currency (manat) amounted to 6.82 billion manat (51.1 percent).
For comparison, the loans amounting to 15.35 billion manat were issued in Baku in late October 2015. Some 8.94 billion manat (58.2 percent) of that amount accounted for the loans in national currency.
The average interest rate on loans throughout the country was 11.1 percent in October 2016, while in Baku that index stood at 9.5 percent.
The lending volume in the Absheron economic district totaled 516.89 million manat at an average rate of 16.2 percent.
In other economic districts the lending index was as follows: Aran – 609.31 million manat at a rate of 21.9 percent, Mountainous Shirvan – 93.21 million manat at a rate of 21.4 percent, Ganja-Gazakh – 526.48 million manat at a rate of 19.3 percent, Guba-Khachmaz – 188.97 million manat at a rate of 19.5 percent, Lankaran – 219.21 million manat at a rate of 21.5 percent, Shaki-Zagatala – 176.77 million manat at a rate of 20.9 percent, the Upper Karabakh – 42.17 million manat at a rate of 18.1 percent, Kalbajar-Lachin – 1.12 million manat at a rate of 13.2 percent, Nakhchivan – 105.02 million manat at a rate of 13.2 percent.