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Central Bank of Azerbaijan discloses volume of lending to state organizations since early 2021

Finance Materials 7 June 2021 20:46 (UTC +04:00)
Central Bank of Azerbaijan discloses volume of lending to state organizations since early 2021

BAKU, Azerbaijan, June 7

By Zeyni Jafarov - Trend:

The loans allocated to the state organizations amounted to 700,000 manat ($411,764) in Azerbaijan as of early May 2021, Trend reports citing statistics from the Central Bank of Azerbaijan (CBA).

According to the CBA, this indicator has remained virtually unchanged since early June 2020. However, it decreased by 200,000 manat $117,647 (22.2 percent) on an annualized basis.

The biggest share of loans issued in Azerbaijan during the reporting period accounted for households, amounting to 7.04 billion manat ($4.1 billion) or 47 percent of total lending to the real sector.

The volume of loans issued to other sectors during the reporting period amounted to 544.9 million manat ($320.5 million), which is by 23.4 percent, or 166.7 million manat ($98.05 million) less than in early May 2020.

The share of lending to other sectors in lending to the real sector amounted to 3.6 percent, which is by 1.1 percent less than in the same period of last year.

In general, lending to the real sector of the economy in Azerbaijan in the first four months of 2021 amounted to 14.9 billion manat ($8.8 billion), which is by 159.3 million manat ($93.7 million) or 1.1 percent less than in the same period of last year.

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