Baku, Azerbaijan, Oct. 11
By Azad Hasanli – Trend:
Loans worth 2.06 billion manats were issued to the population in Azerbaijani districts in August 2017, that is, 16.7 percent of the total loan portfolio of banks, which is by 19.5 percent less than in August 2016, according to the report of the Central Bank of Azerbaijan (CBA).
According to the CBA, in early September 2017 the loans worth 10.3 billion manats were issued in Baku, which is by fivefold more than in the districts. Almost 5.7 billion manats (55.16 percent of total lending volume in Baku) accounted for the loans in national currency.
For comparison: as of August 2016, borrowers received loans worth 14.28 billion manats in Baku, 7.04 billion manats of that amount accounted for the loans in national currency.
The average annual interest rate on loans in the country as of August 2017 was 12 percent, while 10.6 percent in Baku.
|
Districts |
Lending volume (thousand manats) |
Average interest rate |
|
|
In total |
Including manats |
||
|
Absheron |
450,032 |
330,535.9 |
15.5 |
|
Aran |
503,614.5 |
362,915.7 |
22 |
|
Mountain Shirvan |
73,717.3 |
52,302.1 |
21.5 |
|
Ganja-Gazakh |
426,436.1 |
310,822 |
18.8 |
|
Guba-Khachmaz |
147,745.1 |
114,233 |
19.5 |
|
Lankaran |
174,707.2 |
121,392.7 |
21.6 |
|
Sheki-Zagatala |
141,822.1 |
103,733.2 |
21.1 |
|
Upper-Karabakh |
38,545.1 |
33,423.8 |
18.4 |
|
Kalbajar-Lachin |
703.9 |
531 |
14.5 |
|
Nakhchivan |
105,072.1 |
103,565.7 |
8.6 |