BAKU, Azerbaijan, Apr. 22
By Zeyni Jafarov - Trend:
The largest share of loans in Azerbaijan fell on households in the first quarter of 2021, amounting to 46.6 percent, Trend reports citing the statistical bulletin of the Central Bank of Azerbaijan (CBA).
As reported, the volume of loans in the household sector in the reporting period decreased by 1.3 percent, or 91.5 million manat ($53.8 million) compared to the same period of 2020 and amounted to 6.87 billion manat ($4.04 billion).
“Loans in trade and services increased by 0.4 percent, or 9.3 million manat ($5.47million) year on year - up to over 2.5 billion manat ($1.47 billion). The share of the total volume of credit investments in this sector amounted to 17.1 percent,” the CBA report said.
The volume of loans in the field of transport and communications during the reporting period amounted to 854.2 million manat ($502.4 million), which is equal 5.8 percent of the total amount of loans in the real sector.
Over the year, this figure decreased by 314.4 million manat ($184.9 million). In the field of industry and production, on an annualized basis, there was a decrease in lending by 209.2 million manat ($123.5 million) or 18.5 percent. Lending to this sector amounted to 920 million manat ($541.1 million).
Distribution of the loan portfolio by sectors of the economy:
|
Sphere of economics: |
Volume of loans, March 2021 |
Volume of loans, March 2020 |
Share, March 2021 ($) |
Share, March 2020 ($) |
|
Trade and services |
2.516 billion manat ($1268 billion) |
2.507 billion manat ($1.474 billion) |
17.1 |
16.0 |
|
Energy, chemistry and natural resources |
769 million manat ($452.3 million) |
627.1 million manat ($368.8 million) |
5.2 |
4.0 |
|
Agriculture and processing |
570.9 million manat ($335.8 million) |
527.5 million manat ($310.3 million) |
3.9 |
3.4 |
|
Construction and property |
681.5 million manat ($400.8 million) |
468.4 million manat ($275.5 million) |
4.6 |
3.0 |
|
Industry and manufacturing sector |
920 million manat($541.1 million) |
1.13 billion manat ($664 million) |
6.2 |
7.2 |
|
Transport and communication |
854.2 million manat ($502.4 million) |
1.16 billion manat ($682.3 million) |
5.8 |
7.5 |
|
Households |
6.86 billion manat ($4.03 bilion) |
6.96 billion manat ($4.09 billion) |
46.6 |
44.5 |
The total volume of lending to the real sector by the end of March 2021 amounted to 14.7 billion manat ($8.64 billion).
(1 USD = 1.7 AZN on Apr.22)
---
Follow the author on Twitter: @jafarov_zeyni