Baku, Azerbaijan, Dec. 12
By Anvar Mammadov – Trend:
Loans worth 2.06 billion manats were issued to the population in Azerbaijani districts in October 2017, that is, 16.95 percent of the total loan portfolio of banks, which is by 16.9 percent less than in October 2016, according to the report of the Central Bank of Azerbaijan (CBA).
According to the CBA, in early November 2017 the loans worth 10.09 billion manats were issued in Baku, which is by 4.9 times more than in the districts. Almost 5.61 billion manats (55.6 percent of total lending volume in Baku) accounted for the loans in national currency.
The average annual interest rate on loans in the country as of October 2017 was 12 percent, while 10.6 percent in Baku.
|
Districts |
Lending volume (thousand manats) |
Average interest rate |
|
|
In total |
Including manats |
||
|
Absheron |
458,214.6 |
340,128.9 |
15.5 |
|
Aran |
494,574.6 |
360,211.7 |
22.6 |
|
Mountain Shirvan |
71,875.7 |
52,183.6 |
21.5 |
|
Ganja-Gazakh |
430,302 |
31,8781.7 |
18.8 |
|
Guba-Khachmaz |
144,187.1 |
113,778.1 |
19.9 |
|
Lankaran |
173,701.8 |
122,853.8 |
22.1 |
|
Sheki-Zagatala |
146,516.5 |
101,221.1 |
20.5 |
|
Upper-Karabakh |
41,576.2 |
36,537.1 |
18.9 |
|
Kalbajar-Lachin |
746.2 |
578 |
15.2 |
|
Nakhchivan |
102,436 |
101,022.4 |
8.2 |
(1.7 manats = 1 USD on Dec. 12)