BAKU, Azerbaijan, Jan. 26
By Nazrin Israfilova - Trend:
The volume of loans issued to the transport and communications sector in Azerbaijan in 2021 lowered, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, this figure amounted to 737.3 million manat ($433.7 million), down by 155.8 million manat ($91.6 million) or 17.5 percent, compared to 2020 (893.1 million manat or $525.3 million).
Last year, the share of the transport and communications sector in the total lending to the real sector was 4.3 percent (a decrease of 1.5 percent on annual basis).
Meanwhile, total lending to the real sector of the economy exceeded 16.6 billion manat ($9.7 billion), which is 2.5 billion manat ($1.4 billion), or 17.67 percent more than in 2020 (14.1 billion manat or $8.3 billion).
In 2021, the lending of legal entities in the transport and communications sector decreased on annual basis by 114 million manat ($67 million) or 13.5 percent, - from 847.9 million manat or $498.7 million (recorded in the previous year) to 733.9 million manat ($431.7 million).
The volume of short-term loans issued to legal entities in the mentioned sector, excluding loans issued by non-bank credit organizations and problem loans, amounted to 114.5 million manat ($67.3 million), or 15.9 percent of the total volume of loans issued to the sector. Of these, 26.9 million manat ($15.8 million) accounted for loans in manat currency and 87.6 million manat ($51.5 million) - in foreign currency.
Some 619.4 million manat ($364.3 million) accounted for long-term loans, which is 84.1 percent of the total volume of loans issued to the transport and communications sector. Of these, 138.7 million manat ($81.6 million) accounted for loans in national currency and 480.7 million manat ($282.7 million) in foreign currency.
(1 USD = 1.7 AZN on Jan. 26)