BAKU, Azerbaijan, Mar.8
By Zeyni Jafarov – Trend:
The volume of lending to the electric energy, gas, steam and water supply sectors in Azerbaijan amounted to 268.3 million manat ($157.9 million) in January 2021, Trend reports on Mar.8 citing data from the Central Bank of Azerbaijan (CBA).
According to the CBA, 256.6 million manat ($151 million), or 95.6 percent of the total lending accounted for long-term loans. Some 1.2 million manat ($710,000) were issued in national currency and 255.4 million manat ($150.3 million) in foreign currency.
Short-term lending to the mentioned sectors made up 11.7 million manat ($6.9 million) or 4.4 percent of the total lending. Loans worth 3.9 million manat ($2.3 million) were issued in national currency and 7.8 million manat ($4.6 million) fell on the foreign currency.
Most of the loans were issued to state-owned enterprises in foreign currency, accounting for 98.1 percent (263.2 million manat, or $154.9 million) of the total lending to the sectors. Operations carried out in national currency amounted to 5.1 million manat, or $3 million (1.9 percent).
In general, the volume of lending to the Azerbaijani real sector amounted to slightly over 14.5 billion manat ($8.5 billion) in January 2021.
(1 USD = 1.7 AZN on Mar.8)
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