BAKU, Azerbaijan, Dec. 4
By Eldar Janashvili – Trend:
As of October 2019, the biggest share of credit investments in Azerbaijan accounted for those in the household sector, amounting to 45.2 percent, Trend reports referring to the statistical report of Azerbaijan’s Central Bank (CBA).
The volume of loans in the household sector increased by 25.9 percent (over 1.3 billion manat or $780.7 million) and reached over 6.4 billion manat ($3.7 billion) compared to the same period of last year.
The volume of loans in the sphere of trade and the services sector increased by 17 percent (350.4 million manat or $206.5 million) and reached over 2.3 billion manat ($1.4 billion) compared to the same period of last year; the share of the total volume of credit investments in the real sector amounted to 17 percent.
The volume of loans in the field of transport and communications amounted to over 1.1 billion manat ($686 million), which is 8.2 percent of a total volume of loans in the real sector. This figure decreased by 9.7 percent or 125 million manat ($73.6 million) for the year.
Distribution of the loan portfolio by sectors of the economy:
|
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 2019 |
2,416.3 |
17 |
542.3 |
3.7 |
520.8 |
3.7 |
399.9 |
2.8 |
904.9 |
6.4 |
1,164 |
8.2 |
6,431 |
45.2 |
|
October 2018 |
2,065.9 |
16.8 |
275.5 |
2.2 |
468.1 |
3.8 |
388.8 |
3 |
687.2 |
5.6 |
1,289 |
10.5 |
5,106.6 |
41.6 |
(1 USD = 1.7 AZN on Dec. 4)
---
Follow the author on Twitter: @eldarjanashvili