BAKU, Azerbaijan, Aug. 17
By Zeyni Jafarov - Trend:
Lending to the supply of electricity, gas, steam, and water in Azerbaijan amounted to 264.6 million manat ($155.6 million) from January through June 2021, which is 11.4 times more compared to the same period of 2020, Trend reports citing the report of the Central Bank (CBA).
“At the same time, 96.9 percent or 256.3 million manat ($150.7 million) of the total lending to the sector accounted for long-term loans, or. In national currency, loans were issued for 1 million manat ($588,235), and in foreign currency - for 255.3 million manat ($150.1 million),” the CBA report said.
“Short-term loans amounted to 8.2 million manat ($4.82 million), or 3.1 percent of the total lending to the sector. Of these, loans in national currency accounted for 100,000 manat, loans in foreign currency - 8.2 million manat,” the CBA said.
“Loans were mainly allocated to state-owned enterprises and in foreign currency, and they accounted for 99.6 percent or 263.5 million manat ($155 million) of the total lending to the sector. The share of loans in the national currency stood at 0.4 percent or 1.1 million manat ($647,000).
In total, the volume of lending to the real sector of the Azerbaijani economy from January through June 201 amounted to 15.2 billion manat ($8.94 billion), which is 707.4 million manat ($416.1 million) or 4.9 percent more as compared to the same period of last year.
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