BAKU, Azerbaijan, Nov. 11
By Zeyni Jafarov - Trend:
The volume of loans issued to government institutions at the beginning of October this year amounted to 800,000 manat ($470,588), Trend reports, citing data from the Central Bank of Azerbaijan (CBA).
According to the CBA, this figure is 400,000 manat or 33.3 percent less than in the same period of the previous year. The lending rate in this sector has remained unchanged since the beginning of May this year.
The largest share of lending in the real sector fell on the household sector, accounting for 45.6 percent or 6.78 billion manat ($3.9 billion) of the total volume of issued loans.
The volume of loans issued to other sectors at the beginning of October 2020 amounted to 804.3 million manat ($473.1 million), which is 50.4 percent or 269.7 million manat ($158.6 million) more than in the reporting period last year. The share of lending to these sectors in lending to the real sector was 5.4 percent, which is 1.6 percentage points more than in the same period last year.
In general, the volume of lending to the real sector for the first of October amounted to 14.87 billion manat ($8.7), an increase of 4.4 percent year-on-year.
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