Baku, Azerbaijan, April 9
By Ilkin Shafiyev – Trend:
In February 2018, 2.002 billion manats accounted for the lending to the Azerbaijani districts, which is almost 15 percent less than in February 2017, the Central Bank of Azerbaijan (CBA) said in a message.
During the reporting period, 17.32 percent accounted for the share of districts in the total loan portfolio of banks.
According to the CBA, loans worth almost 9.558 billion manats were issued in Baku at the end of February 2018, which is 4.8 times more than in the districts. Almost 5.402 billion manats accounted for the loans in the national currency in Baku (56.52 percent of the total lending volume in Baku) and in the districts - 1.60 billion manats (80.13 percent of the total lending volume in the districts).
The average annual interest rate on loans in the country was 18.34 percent, in Baku - 10.5 percent in February 2018.
In February 2018, lending declined in all Azerbaijani economic districts compared to February 2017, except for the Upper Karabakh economic district.
|
Lending volume (1,000 manats) |
Average interest rate |
||
|
total |
National currency |
||
|
Absheron |
457,049.8 |
359,856.8 |
15.4 |
|
Aran |
468,744.5 |
374,413.9 |
22.7 |
|
Mountain Shirvan |
64,080.8 |
53,064.4 |
21 |
|
Ganja-Gazakh |
420,304.8 |
325,305.3 |
19.3 |
|
Guba-Khachmaz |
136,572.3 |
113,070.9 |
20.2 |
|
Lankaran |
171,067.6 |
131,531.7 |
22.2 |
|
Sheki-Zagatala |
130,857.5 |
99,361.3 |
20.7 |
|
Upper-Karabakh |
47,122.8 |
42,302.8 |
19.9 |
|
Kalbajar-Lachin |
568.8 |
413.3 |
13.5 |
|
Nakhchivan |
106,538.5 |
105,593 |
8.5 |
(1.7 AZN = $1 on April 9)