Baku, Azerbaijan, Dec. 7
By Taleh Mursagulov - Trend:
As of November 1, 2018, the credit organizations of Azerbaijan increased lending by 4.45 percent compared to the beginning of the year, up to 12,281.3 million manats, Trend reports citing the report of the Azerbaijani Central Bank.
Since the beginning of the year, the volume of overdue loans increased by 4.42 percent to 1,698.6 million manats, the report reads. At the same time, the share of overdue loans did not change over the same period.
Last year, the loan portfolio of banks and non-bank credit organizations amounted to 11,757.8 million manats. As for the overdue loans, during 2017, the amount of overdue loans ranged from 1.6 to 1.78 billion manats.
The lending in national currency at the beginning of November amounted to 7,639.6 million manats (growth by 9.87 percent from the beginning of the year), and its share in the loan portfolio of banks amounted to 62.21 percent.
The volume of lending in foreign currency amounted to 4,641.7 million in manat equivalent (reduction by 3.38 percent from the beginning of the year) with a share of 37.79 percent in the loan portfolio of banks.
The volume of short-term loans amounted to 2,502.2 million manats, the volume of long-term loans – to 9,779.1 million manats.
Distribution of the loan portfolio by sectors of the economy (as of the end of October 2018):
|
Trade and services sector |
Energy, chemistry and natural resources sector |
Agriculture and processing |
Construction and property |
Industry and manufacturing sector |
Transport and communications |
Households |
||||||||
|
Volume of loans |
Share (%) |
Volume of loans |
Share (%) |
Volume of loans |
Share (%) |
Volume of loans |
Share (%) |
Volume of loans |
Share (%) |
Volume of loans |
Share (%) |
Volume of loans |
Share (%) |
|
|
October 2018 |
2,065. |
16.8 |
275.5 |
2.2 |
468.1 |
3.8 |
375.6 |
3.1 |
687.4 |
5.6 |
1,289 |
10.5 |
5,106.6 |
41.6 |
|
December 2017 |
2,069.2 |
17.6 |
315.5 |
2.7 |
429.2 |
3.7 |
546.2 |
4.6 |
621.2 |
5.3 |
1,126.7 |
9.6 |
4,606.5 |
39.2 |
|
October 2017 |
2,118.2 |
17.4 |
319.5 |
2.6 |
454.4 |
3.7 |
543.9 |
4.5 |
624.1 |
5.1 |
1,069.5 |
8.8 |
4,681.3 |
38.5 |
Some 15.2 percent (1,862.2 million manats) of total lending in Azerbaijan fell to the share of state-owned banks in the country, 81.6 percent (10,027 million manats) — to the share of private banks, 3.2 percent (392 million manats) – to the share of non-bank credit organizations.
Some 30 banks including two banks with public ownership, and about 120 non-bank credit organizations are functioning currently in Azerbaijan.
The official exchange rate on December 6 is 1.7 AZN / USD.
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Follow the author on Twitter: @TalehMursagulov