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Biggest share of credit investments in Azerbaijan accounts for household sector

Finance Materials 6 January 2020 10:43 (UTC +04:00)
Biggest share of credit investments in Azerbaijan accounts for household sector

BAKU, Azerbaijan, Jan. 6

By Eldar Janashvili – Trend:

As of November 2019, the biggest share of credit investments in Azerbaijan accounted for those in the household sector, amounting to 45.1 percent, Trend reports referring to the statistics report of Azerbaijan’s Central Bank (CBA).

The volume of loans in the household sector increased by 28.6 percent (over 1.5 billion manat or $882.3 million) and reached over 6.8 billion manat ($4 billion) compared to November 2018.

The volume of loans in the sphere of trade and the services sector increased by 12.2 percent (255.2 million manat or $150.1 million) in November 2019 and reached over 2.3 billion manat ($1.3 billion) compared to November 2018; the share of the total volume of credit investments in the real sector amounted to 15.5 percent.

The volume of loans in the field of transport and communications amounted to over 1.2 billion manat ($705.8 million), which is 8 percent of a total volume of loans in the real sector. This figure decreased by 11.7 percent or 159.4 million manat ($93.7 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 (%)

Nov. 2019

2,339.5

15.5

611.2

4

520.1

3.4

583.5

3.9

930.9

6.2

127.8

8

6,814.6

45.1

Nov. 2018

2,084.3

16.6

272.7

2,2

470.8

3.7

401.7

3.2

685.6

5.5

1,367.2

10.9

5,297.8

42.2

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Follow the author on Twitter: @eldarjanashvili

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