BAKU, Azerbaijan, July 28
By Eldar Janashvili – Trend:
The bank lending volume in Baku, the capital of Azerbaijan, and economic regions stood at 14.1 billion manat ($8.2 billion) as of July 1, 2020, which is 11.7 percent more than in the same period of 2019, Trend reports referring to the statistical bulletin of the Central Bank of Azerbaijan (CBA).
According to CBA, the loans worth 11.4 billion manat ($6.7 billion) were issued in Baku as of July 1, 2020, which is 4.2 times more than in the regions. Loans in national currency in Baku amounted to 6.9 billion manat ($4.05 billion), or 60.8 percent of the total lending volume in Baku.
As of July 1, the average annual interest rate on loans amounted to 11.05 percent in Azerbaijani regions and to 9.19 percent in Baku.
Distribution of loans in Azerbaijani capital and regions as of July 1, 2020:
|
Amount of loans |
Average interest rate (%) |
Share in total lending (%) |
|
|
Azerbaijan |
14.1 billion manat ($8.2 billion) |
11.05 |
100 |
|
Baku |
11.4 billion manat ($6.7 billion) |
9.19 |
80.6 |
|
Economic regions: |
2.7 billion manat ($1.5 billion) |
1.86 |
19.4 |
|
Absheron |
491.2 million manat ($288.9 million) |
15.93 |
3.5 |
|
Aran |
709.3 million manat ($417.2 million) |
21.03 |
5 |
|
Mountainous-Shirvan |
64.5 million manat ($37.9 million) |
21.66 |
0.5 |
|
Ganja-Gazakh |
588.6 million manat ($346.2 million) |
18.43 |
4.2 |
|
Guba-Khachmaz |
199.3 million manat ($117.2 million) |
18.78 |
1.4 |
|
Lankaran |
248.5 million manat ($146.1 million) |
20.54 |
1.8 |
|
Shaki-Zagatala |
200.7 million manat ($118 million) |
17.32 |
1.4 |
|
Upper-Karabakh |
59.1 million manat ($34.7 million) |
23.9 |
0.4 |
|
Kalbajar-Lachin |
0 |
0 |
0 |
|
Nakhchivan |
186.8 million manat ($109.8 million) |
15.27 |
1.3 |
(1 USD = 1.7 AZN on July 28)
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