Lending to regions increases in Azerbaijan

Baku, Azerbaijan, May 4

By Kheyraddin Nasirzade – Trend:

Bank loans to Azerbaijani regions stood at 13.05 billion manats in March 2019, which is about 12 percent more compared to the same period of 2018, Trend reports referring to the Central Bank of Azerbaijan (CBA).

According to CBA, loans worth 10.7 billion manats were issued in Baku by late March, which is 4.5 times more than in the regions. At the same time, loans in national currency in Baku amounted to almost 6.15 billion manats, or 57.6 percent of the total lending in Baku.

In March, the average annual interest rate on loans in Azerbaijan amounted to 11.8 percent, and to 10 percent in Baku.

Distribution of loans in regions of Azerbaijan as of April 1, 2019:

($1=1.7 AZN on May 4)

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