BAKU, Azerbaijan, March 1
By Eldar Janashvili - Trend:
The bank lending amounted to 15.1 billion manat ($8.8 billion) in Azerbaijan as of Feb. 1, 2020, which is 17.3 percent more compared to Feb. 1, 2019, Trend reports with reference to Central Bank of Azerbaijan (CBA).
The loans worth 12.1 billion manat ($7.1 billion) were issued in Baku as of Feb. 1, 2020, which is four times more than in the Azerbaijani regions. In Baku, loans in national currency amounted to 6.9 billion manat ($4 billion) or 56.5 percent of the total lending.
The average annual interest rate on loans amounted to 11 percent in Azerbaijan and 9.2 percent in Baku as of Feb. 1.
Distribution of loans in the Azerbaijani economic regions as of Feb. 1, 2020:
|
Economic regions |
Lending (manat) |
Average interest rate |
|
Absheron |
546.6 million ($321.5 million) |
15.9 |
|
Aran |
766.9 million ($451.1 million) |
21.2 |
|
Mountainous Shirvan |
73.1 million ($43 million) |
21.2 |
|
Ganja-Gazakh |
633.4 million ($372.6 million) |
18.5 |
|
Guba-Khachmaz |
208.6 million ($122.7 million) |
18.8 |
|
Lankaran |
284.3 million ($167.2 million) |
20.5 |
|
Shaki-Zagatala |
231.5 million ($136.2 million) |
16.8 |
|
Upper Karabakh |
60.4 million ($35.5 million) |
23.9 |
|
Kalbajar-Lachin |
No data available |
No data available |
|
Nakhchivan |
170.8 million ($100.4 million) |
14.1 |
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