Baku, Azerbaijan, July 17
By Azad Hasanli – Trend:
The loans worth 2.22 billion manat were issued to the population in the Azerbaijani districts in May 2017, that is, 15 percent of the total loan portfolio of banks, which is by almost 25 percent less than in the same period of 2016, according to the report of the Central Bank of Azerbaijan (CBA).
According to the CBA, the loans worth 12,573.97 million manat were issued in Baku in May 2017. Some 6,488.2 million manat (51.6 percent of total lending volume in Baku) accounted for the loans in national currency.
For comparison: as of May 2016, borrowers received loans worth 18,197.1 million manat in Baku, 9.676 million manat of that amount accounted for the loans in national currency.
The average annual interest rate on loans in the country as of May 2017 was 10.8 percent, while 9.3 percent in Baku.
|
Districts |
Lending volume |
Average interest rate |
|
|
thousand manat |
Including manat |
||
|
Absheron |
463,798.7 |
317,887.1 |
15.8 |
|
Aran |
550,322.4 |
364,892.0 |
22 |
|
Mountain Shirvan |
79,908.9 |
54,403.7 |
21.7 |
|
Ganja-Gazakh |
469,978.8 |
315,985.4 |
18.8 |
|
Guba-Khachmaz |
168,168.6 |
119,842.4 |
19 |
|
Lankaran |
194,465.0 |
122,136.1 |
21.5 |
|
Sheki-Zagatala |
148,483.4 |
105,417.3 |
21.4 |
|
Upper-Karabakh |
37,933.9 |
32,413.5 |
16.8 |
|
Kalbajar-Lachin |
1,064.4 |
792.7 |
12.5 |
|
Nakhchivan |
105,902.0 |
103,723.1 |
9.1 |