BAKU, Azerbaijan, June 14
By Zeyni Jafarov - Trend:
Value of loans issued for the energy, chemistry and natural resources sector in Azerbaijan as of early May 2021 has increased, Trend reports referring to the Central Bank of Azerbaijan (CBA).
According to the CBA, this indicator made up 778.4 million manat ($457.8 million), thus having risen by 24.8 percent over the year.
Some 10.4 million manat ($6.1 million), or 2.1 percent, fell on short-term loans. Of these, about 2.2 million manat ($1.3 million) were issued in national currency, and 8.2 million manat ($4.8 million) - in foreign currency, the bank said.
Long-term loans amounted to 488.7 million manat ($287.4 million), or 97.9 percent. Loans in the national currency were issued in the amount of 700,000 manat (nearly $411,760), and the share of foreign currency made up 488.1 million manat ($287.1 million).
The main share of all lending operations carried out in the energy, chemistry and natural resources sector fell on foreign currency, amounting to 496.3 million manat ($291.9 million) of the total lending to this sector, noted the CBA.
Meanwhile, the share of lending to this sector amounted to 5.2 percent, an annual increase of 1.1 percentage points.
Total lending to the real sector of the economy in Azerbaijan as of early May 2021 made up almost 15 billion manat ($8.8 billion), which is 159.3 million manat ($93.7 million) or 1.1 percent less compared to the same period of last year.
(1 USD = 1.7 AZN on June 14)
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