...

Azerbaijan registers increase in volume of loans issued to construction sector

Finance Materials 27 January 2022 10:15 (UTC +04:00)
Azerbaijan registers increase in volume of loans issued to construction sector

BAKU, Azerbaijan, Jan. 27

By Nazrin Israfilova - Trend:

The volume of loans issued by banks for the construction sector increased by 410.2 million manat ($241.3 million) or 83.2 percent in Azerbaijan in 2021compared to 2020 up to 903.2 million manat ($531.3 million), Trend reports citing the Central Bank of Azerbaijan (CBA).

Short-term loans issued to legal entities in this sector amounted to 235.5 million manat ($138.5 million), of which 147.5 million manat ($86.8 million) accounted for loans in the national currency while 88 million manat ($51.8 million) accounted for loans in foreign currency.

Long-term loans issued to legal entities amounted to 387.6 million manat ($228 million) in 2021, of which 240.5 million manat ($141.5 million) accounted for loans in the national currency while 147.1 million manat ($86.5 million) accounted for loans in foreign currency.

The share of the construction sector in lending for the real sector amounted to 5.3 percent, which is 1.9 percent more than in 2020.

Tags:
Latest

Latest