BAKU, Azerbaijan, December 28
By Nazrin Israfilova – Trend:
The value of loans allocated in Azerbaijan’s agriculture sector has amounted to 578.6 million manat ($340.3 million) over the period from January through November 2021, which indicates an increase by 4.46 percent or 24.7 million manat ($14.5 million) from 553.9 million manat ($325.8 million) during the same period of 2020, Trend reports citing Azerbaijani Central Bank.
The value of short-term loans allocated to the legal entities operating in agriculture, excluding those allocated by non-bank organizations and problem loans, has amounted to 39.4 million manat ($23.1 million). Of these, 27 million manat were allocated in manat, and 12.4 million manat were allocated in foreign currency.
The value of long-term loans amounted to 512.5 million manat ($301.4 million), of which 379.4 million were allocated in local currency, and the remaining 133.2 millon were allocated in foreign currency.
The share of agriculture in overall loans to real sector of economy stood at 3.5 percent, which is 0.3 percent points less than during the same period of 2020.