Baku, Azerbaijan, Feb. 4
By Taleh Mursagulov – Trend:
The Azerbaijani credit organizations increased lending by 10.74 percent up to 13,020.3 million manats in 2018 compared to 2017, Trend reports referring to the report of the Azerbaijani Central Bank.
Since the beginning of 2018, the volume of overdue loans decreased by 2.56 percent to 1.585 million manats, the report reads. At the same time, the share of overdue loans decreased from 13.8 percent to 12.2 percent.
The loan portfolio of banks and non-bank credit organizations amounted to 11,757.8 million manats in 2017. 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 in early January 2019 amounted to 8,073.6 million manats (growth by 16.11 percent from the beginning of the year), and its share in the loan portfolio of banks amounted to 62.01 percent.
The volume of lending in foreign currency amounted to 4,946.7 million in manat equivalent (reduction by 2.97 percent from the beginning of the year) with a share of 37.99 percent in the loan portfolio of banks.
The volume of short-term loans amounted to 2,695.1 million manats, the volume of long-term loans – to 10,325.1 million manats.
Distribution of the loan portfolio by sectors of the economy (as of late December 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 (%) |
|
|
Dec. 2018 |
2,379.5 |
18.3 |
419.2 |
3.2 |
470 |
3.6 |
388.8 |
3 |
706.6 |
5.4 |
1,370.7 |
10.5 |
5,319.6 |
40.9 |
|
Dec. 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 |
Some 16.1 percent (2,098.4 million manats) of total lending in Azerbaijan accounted for the share of state-owned banks in the country, 80.9 percent (10,529.8 million manats) — the share of private banks, 3 percent (392 million manats) – the share of non-bank credit organizations.
Some 30 banks including two banks with public ownership and about 120 non-bank credit organizations operate in Azerbaijan.
(1.7 AZN = 1 USD on Feb. 4)
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