BAKU, Azerbaijan, May 16
By Zeyni Jafarov - Trend:
The volume of loans issued to public organizations in Azerbaijan decreased by 18.1 percent as of early April 2021 compared to the same period of 2020, Trend reports citing the statistical report of the Central Bank of Azerbaijan (CBA).
According to the CBA, the given figure decreased by 4 million manat ($2.35 million) over the year and amounted to 18.1 million manat ($10.6 million).
As reported, lending to this sector in lending to the real sector made up 0.1 percent, having remained unchanged on an annual basis.
Total lending to the real sector of the economy in Azerbaijan in the first quarter of 2021 surpassed 14.7 billion manat ($8.67 billion), which is 909.4 million manat ($534.9 million), or 5.8 percent less compared to the same period of last year.
The largest share of loans in Azerbaijan as of early April, 2021 fell on households, amounting to 46.6 percent, or 6.87 billion manat ($4.04 million) of the total volume of lending to the real sector.
(1 USD = 1.7 AZN on May 15)
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