Volume of lending in Azerbaijan’s Nakhchivan Autonomous Republic increases
BAKU, Azerbaijan, Sept. 23
By Zeyni Jafarov – Trend:
The banking and non-bank credit organizations of Azerbaijan’s Nakhchivan Autonomous Republic issued the loans to legal entities and individuals in the amount of 119.4 million manat ($70.2 million) from January through August 2020, Trend reports citing the report of the State Statistics Committee of the Nakhchivan Autonomous Republic.
This figure is 53.8 percent more than in the same period of last year, the State Statistics Committee said.
The loans in the amount of 13.9 million manat ($8.2 million) or 11.6 percent accounted for short-term loans while loans in the amount of 105.5 million manat ($62.05 million) or 88.4 percent - long-term loans. These figures are 41.9 percent and 55.5 percent, respectively, more than those a year earlier.
The number of bank accounts opened in the banks of the Nakhchivan Autonomous Republic on September 1 reached 89,706, of which 78,364 or 87.4 percent are active.
The access to the loans of economic entities is constantly improving and thereby the volume of lending is increasing.
(1 USD = 1.7 AZN on Sept. 23)