BAKU, Azerbaijan, Oct. 25
By Leman Zeynalova - Trend:
The volume of loans issued by banks to enterprises operating in the mining sector of Azerbaijan (excluding overdue loans) amounted to 468.9 million manat ($275.8 million) from January through September 2021, the Central Bank of Azerbaijan (CBA) told Trend.
Of the above amount, 79.8 percent fell to the share of state-owned enterprises (374.4 million manat or $220.2 million), 20.1 percent - to the share of private enterprises (94.5 million manat or $55.5 million).
“The bulk of loans issued during the reporting period were long-term loans - 449.6 million manat, of which 374.4 million manat ($220.2 million) were issued to state enterprises, 75.2 million manat ($44.2 million) - to private companies. Of these, 448.5 million manat ($263.8 million) were issued in foreign currency, 1.1 million manat ($647,000) - in manat. The entire amount allocated in manat fell to the share of the private sector,” the CBA said.
More than 83.4 percent of long-term loans issued in foreign currency fell to the share of state-owned enterprises (374.4 million manat), and 16.5 percent - to the share of private enterprises (74.1 million manat or $43.5 million).
Short-term loans issued in this sector in the first 9 months of 2021 amounted to 19.3 million manat ($11.3 million), and the entire amount fell to the share of private companies. Of this amount, 8.9 million manat ($5.23 million) were issued in manat, 10.3 million manat ($6.06 million) in foreign currency.
(1 USD = 1.7 AZN on Oct.25)
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