Baku, Azerbaijan, March 8
By Azad Hasanli – Trend:
In January 2018, 1.977 billion manats accounted for the lending to the Azerbaijani districts, which is almost 20 percent less than in January 2017, the Central Bank of Azerbaijan (CBA) said in a message.
During the reporting period, 16.96 percent accounted for the share of districts in the total loan portfolio of banks.
According to the CBA, loans worth almost 9.679 billion manats were issued in Baku at the end of January 2018, which is 4.9 times more than in the districts. Almost 5.329 billion manats accounted for the loans in the national currency in Baku (55.06 percent of the total lending volume in Baku) and in the districts - 1.57 billion manats (79.4 percent of the total lending volume in the districts).
The average annual interest rate on loans in the country was 11.8 percent, in Baku - 10.7 percent in January 2018.
In January 2018, a lending volume declined in all Azerbaijani economic districts compared to January 2017, except for the Upper Karabakh economic district, where 18.3 percent-growth was observed for the reporting period.
|
Lending volume (1,000 manats) |
Average interest rate |
||
|
total |
National currency |
||
|
Absheron |
449,553.,5 |
348,468.4 |
14.5 |
|
Aran |
465,554.1 |
368,896.4 |
20.9 |
|
Mountain Shirvan |
63,398.4 |
52,231.7 |
18.5 |
|
Ganja-Gazakh |
415,499.9 |
319,172.7 |
16.6 |
|
Guba-Khachmaz |
135,403.2 |
111,642 |
18.1 |
|
Lankaran |
169,993.1 |
129,605.7 |
20.4 |
|
Sheki-Zagatala |
130,209.9 |
98,782.1 |
19.0 |
|
Upper-Karabakh |
46,044.9 |
41,212.3 |
19.8 |
|
Kalbajar-Lachin |
659.1 |
500.2 |
15.0 |
|
Nakhchivan |
101,127.7 |
100,174.5 |
8.5 |
(1.7 AZN = $1 on March 8)