Baku, Azerbaijan, Feb. 5
By Azad Hasanli – Trend:
Loans worth 1.98 billion manats were issued to the population in Azerbaijani districts in 2017, that is, 16.9 percent of the total loan portfolio of banks, which is by 19.2 percent less than in 2016, according to the report of the Central Bank of Azerbaijan (CBA).
According to the CBA, in early 2018 the loans worth 9.77 billion manats were issued in Baku, which is by 4.9 times more than in the districts. Almost 5.4 billion manats (55.2 percent of total lending volume in Baku) accounted for the loans in national currency.
The average annual interest rate on loans in the country in 2017 was 11.8 percent, while 10.3 percent in Baku.
In 2017, loans with the lowest interest rates were issued in the Nakhchivan Autonomous Republic - 8.6 percent, with the highest - the Aran economic region (an average of 22.7 percent).
|
Districts |
Lending volume (thousand manats) |
Average interest rate |
|
|
In total |
Including manats |
||
|
Absheron |
451,112.7 |
345,039.7 |
15.5 |
|
Aran |
471,783.9 |
365,926.2 |
22.7 |
|
Mountain Shirvan |
63,493.7 |
51,885.3 |
20.8 |
|
Ganja-Gazakh |
413,737.1 |
315,854.7 |
19.2 |
|
Guba-Khachmaz |
136,269.4 |
111,974.8 |
19.9 |
|
Lankaran |
168,840.5 |
127,449.2 |
22 |
|
Sheki-Zagatala |
131,840.2 |
99,483.7 |
20.5 |
|
Upper-Karabakh |
45,065.5 |
40,118.6 |
19.5 |
|
Kalbajar-Lachin |
674.9 |
512.8 |
15 |
|
Nakhchivan |
101,647.6 |
100,486.9 |
8.6 |
(1.7001 manats = 1 USD on Feb. 5)