BAKU, Azerbaijan, Oct. 24
By Leman Zeynalova - Trend:
The total value of mortgage loans issued by Azerbaijani banks from January through September 2021 increased, the Central Bank of Azerbaijan (CBA) told Trend.
According to the CBA, this indicator amounted to 2.29 billion manat ($1.35 billion), up by 13.9 percent since the beginning of this year, and by 18 percent compared to the first nine months of 2020 (1.94 billion manat or $1.14 billion).
The loan portfolio of Azerbaijani banks as of late September this year amounted to 15.53 billion manat ($9.14 billion).
In the structure of the loan portfolio, nine billion manat ($5.3 billion) and 4.23 billion manat ($2.49 billion) accounted for business and consumer loans, respectively.
(1 USD = 1.7 AZN on Oct.23)