BAKU, Azerbaijan, July 12
By Zeyni Jafarov - Trend:
The volume of loans issued to government agencies in Azerbaijan amounted to 700,000 manat ($411,760) as of early June 2021, Trend reports citing the statistical report of the Central Bank of Azerbaijan (CBA).
According to the CBA, the given figure has remained almost unchanged since February 2021, but decreased year on year by 100,000 manat ($58,820) or 12.5 percent.
The largest share of loans in Azerbaijan as of early June 2021 fell on households, amounting to 47.5 percent, or 7.15 billion manat ($4.21 million) of the total volume of lending to the real sector.
The volume of loans issued to other sectors during the reporting period made up 538.9 million manat ($317 million), which is 33.3 percent, or 268.8 million manat ($158.1 million), less than at the beginning of June 2020. The share of lending to other sectors in lending to the real sector amounted to 3.6 percent, which is less by 1.9 percent compared to the same period of last year.
Total lending to the real sector of the economy in Azerbaijan in the first five months of 2021 surpassed 15 billion manat ($8.8 billion), which is 301.4 million manat ($177.3 million), or 2 percent more on annual basis.
(1 USD = 1.7 AZN on July 12)
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