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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