BAKU, Azerbaijan, Nov. 9
By Zeyni Jafarov - Trend:
The volume of loans issued to public organizations amounted to 21.1 million manat ($12.4 million) as of early October 2020, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to CBA, this figure is 10.8 million manat ($6.35 million) more compared to the same period of 2019. However, since the beginning of the year, this figure has decreased by 45.5 percent or 17.6 million manat ($10.3 million).
The share of lending to this sector in lending to the real sector amounted to 0.1 percent, remaining unchanged compared to a year earlier.
In general, the volume of lending to the real sector as of October 1 amounted to 14.9 billion manat ($8.76 million).
(1 USD = 1.7 manat on Nov. 9)