BAKU, Azerbaijan, Oct. 5
By Zeyni Jafarov – Trend:
As of early September 2020, the biggest volume of loans in Azerbaijan accounted for the household sector, amounting to 6.7 billion manat ($3.9 billion), Trend reports referring to the statistical bulletin of the Central Bank of Azerbaijan.
According to the CBA, this figure reached 568 million manat ($334 million) or 9.3 percent more compared to the same period of last year. However, since the beginning of the year, this figure has decreased by almost five percent or by 345.4 million manat ($203 million).
The share of lending to this sector amounted to 45.3 percent, which is a 1.4 percent increase compared to the same period of last year.
In general, the volume of lending to the real sector as of September 1 amounted to 14.7 billion manat ($8.6 billion).
(1 USD = 1.7 AZN on Oct. 5)
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