BAKU, Azerbaijan, Aug. 10
By Zeyni Jafarov - Trend:
Lending to agriculture, forestry, and fishing in Azerbaijan increased by 2.4 percent in the first half of 2021 compared to the same period of 2020 and amounted to 556 million manat ($327 million), Trend reports citing a report of the Central Bank of Azerbaijan (CBA).
According to the report, long-term loans amounted to 505.1 million manat ($297.1 million), or 93.8 percent of total lending to the sector. Loans worth 375.5 million manat ($220.8 million) were issued in national currency, and 129.6 million manat ($76.2 million) in foreign currency.
“At the same time, short-term loans accounted for 33.1 million manat ($19.4 million), or about 6.2 percent of the total lending to the sector. Loans worth 28.5 million manat ($16.7 million) were issued in national currency, and 4.6 million manat ($2.7 million) in foreign currency,” the CBA report said.
The report says that loans were mainly allocated to the private sector and in national currency, which accounted for 75.1 percent or 404 million manat ($237.6 million) of total lending to the sector.
The share of agriculture in lending to the real sector amounted to 3.7 percent (a decrease by 0.1 percent compared to the same period of 2020).
In general, lending to the real sector of the Azerbaijani economy in the reporting period amounted to 15.2 billion manat ($8.94 million), which is 707.4 million manat ($416.1 million), or 4.9 percent more compared to the same period of last year.
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