BAKU, Azerbaijan, Feb. 25
By Zeyni Jafarov - Trend:
Bank lending in Baku and districts of Azerbaijan as of early February 2021 amounted to over 14.2 billion manat ($8.3 billion), which is by six percent less than as of early February 2020, Trend reports citing the Central Bank of Azerbaijan's statistics bulletin on Feb. 24.
According to the Central Bank of Azerbaijan, as of early February 2021, the loans worth 11.4 billion manat ($823 million) were issued in Baku, which is by almost four times more than in the districts. At the same time, 7.2 billion manat that’s $4.2 billion (63.8 percent of total lending in Baku) accounted for the loans in the national currency in Baku.
The average annual interest rate on loans in Azerbaijan as of early February 2021 was 11.16 percent while in Baku - 9.33 percent.
Distribution of loans by districts of Azerbaijan (as of February 1, 2021):
|
Lending volume (manat) |
Average interest rate (%) |
Share out of total volume of loans, in % |
|
|
Azerbaijan |
14.2 billion manat ($8.3 billion) |
11.16 |
100 |
|
Baku |
11.4 billion manat ($823 million) |
9.33 |
79.9 |
|
Economic regions, including: |
2.8 million manat ($1.6 million) |
20.1 |
|
|
Absheron |
464,223 manat ($273,072) |
15.56 |
3.3 |
|
Aran |
731,414 manat ($430,243) |
21.13 |
5.1 |
|
Mountain-Shirvan |
68,150 manat ($40,088) |
22.04 |
0.5 |
|
Ganja-Gazakh |
627,044 manat ($368,849) |
17.87 |
4.4 |
|
Guba-Khachmaz |
216,965 manat ($127,626) |
17.87 |
1.5 |
|
Lankaran |
251,355 manat ($147,855) |
20.73 |
1.8 |
|
Sheki-Zagatala |
227,999 manat ($134,117) |
16.68 |
1.6 |
|
Upper-Karabakh |
56,733 manat ($33,372) |
23.85 |
0.4 |
|
Kalbajar-Lachin |
0 |
0 |
0 |
|
Nakhchivan |
208,349 manat ($122,558) |
14.56 |
1.5 |
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