BAKU, Azerbaijan, Aug. 27
By Eldar Janashvili – Trend:
The bank lending volume in Baku, the capital of Azerbaijan, and economic regions stood at 14.2 billion manats ($8.3 billion) as of August 1, 2020, which is 6.4 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, as of the reporting date, the loans worth 11.4 billion manats ($6.7 billion) were issued in Baku, which is 4.3 times more than in the regions. Loans in national currency in Baku amounted to 9.5 billion manats ($5.5 billion), or 64 percent of the total lending volume in Baku.
Meanwhile, the average annual interest rate on loans amounted to 11.01 percent in Azerbaijani regions and 9.23 percent in Baku.
Distribution of loans in Azerbaijani capital and regions as of August 1, 2020:
|
Amount of loans |
Average interest rate (%) |
Share in total lending (%) |
|
|
Azerbaijan |
14.2 billion manat ($8.3 billion) |
11.01 |
100 |
|
Baku |
11.4 billion manat ($6.7 billion) |
9.23 |
80.8 |
|
Economic regions: |
2.6 billion manat ($1.5 billion) |
17.06 |
19.1 |
|
Absheron |
473 million manat ($278.2 million) |
15.26 |
3.3 |
|
Aran |
709 million manat ($417.2 million) |
21.01 |
4.9 |
|
Mountainous-Shirvan |
64.1 million manat ($37.7 million) |
21.44 |
0.4 |
|
Ganja-Gazakh |
586.9 million manat ($345.2 million) |
18.02 |
4.1 |
|
Guba-Khachmaz |
197.3 million manat ($116 million) |
18.37 |
1.39 |
|
Lankaran |
247.7 million manat ($145.7 million) |
20.23 |
1.7 |
|
Shaki-Zagatala |
194 million manat ($114.1 million) |
17.46 |
1.37 |
|
Upper-Karabakh |
59.5 million manat ($35 million) |
23.92 |
0.4 |
|
Kalbajar-Lachin |
0 |
0 |
0 |
|
Nakhchivan |
190.4 million manat ($112 million) |
15.36 |
1.34 |
(1 USD = 1.7 AZN on Aug. 27)
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