BAKU, Azerbaijan, July 1
By Zeyni Jafarov - Trend:
The largest share of loans in Azerbaijan fell on households as early June 2021, amounting to 47.5 percent, Trend reports referring to the Central Bank of Azerbaijan's statistical bulletin.
According to the bulletin, the volume of loans in the household sector in Azerbaijan rose by 567.7 million manat ($333.9 million) or 8.8 percent compared to early June 2020, making up 7.15 billion manat ($4.21 billion).
Meanwhile, loans in trade and services grew by 103.9 million manat ($61.1 million, or 6.1 percent year on year) - up to over 2.5 billion manat ($1.47 billion). Their share in the total volume of lending in this sector amounted to 17 percent, the bulletin said.
The loans in the field of transport and communications during the reporting period amounted to 825.9 million manat ($485.8 million), which is equal to 5.5 percent of the total amount of loans in the real sector.
Over the year, this figure decreased by 136 million manat ($80 million). In the field of industry and production, on annual basis, there was a decrease in lending by 234.7 million manat ($138 million) or 20.2 percent. Lending to this sector amounted to 924.6 million manat ($543.8 million).
Distribution of the loan portfolio by sectors of the economy:
|
Economic Spheres: |
Amount of loans, Jan.-May 2021 |
Amount of loans, Jan.-May 2020 |
Share, Jan.-May 2021 (%) |
Share, Jan.-May 2020 (%) |
|
Trade and services |
2.5 billion manat ($1.47 billion) |
2.41 billion manat ($1.42 billion) |
17 |
16.3 |
|
Energy, chemistry and natural resources |
778.4 million manat ($457.8 million) |
623.2 million manat ($366.6 million) |
5.2 |
4.2 |
|
Agriculture and processing |
566.3 million manat ($333.1 million) |
582.9 million manat ($342.8 million) |
3.8 |
3.9 |
|
Construction and property |
721.9 million manat ($424.6 million) |
426.5 million manat ($250.8 million) |
4.8 |
2.9 |
|
Industry and manufacturing sector |
924.6 million manat($543.8 million) |
1.16 billion manat ($680 million) |
6.1 |
7.9 |
|
Transport and communication |
825.9 million manat ($485.8 million) |
961.9 million manat ($565.8 million) |
5.5 |
6.5 |
|
Households |
7.15 billion manat ($4.21 billion) |
6.7 billion manat ($3.9 billion) |
47.5 |
44.5 |
The total volume of lending to the real sector by early June 2021 amounted to slightly over 15 billion manat ($8.8 billion).
(1 USD = 1.7 AZN on July 1)
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