BAKU, Azerbaijan, Feb. 8
By Nazrin Israfilova – Trend:
The largest share of loans issued in Azerbaijan in 2021 fell on households, accounting for 50.27 percent of the total lending, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, last year, the volume of loans issued to households amounted to 8.6 billion manat ($5 billion), increasing by 1.89 billion manat ($1.11 billion), or 28.28 percent on annual basis.
Meanwhile, lending to trade and services increased over the year by 385.7 million manat ($226.8 million), or 14.79 percent - up to 2.99 billion manat ($1.76 billion) against 2.6 billion manat ($1.5 billion) in 2020. The share of trade and services in the total volume of lending amounted to 17.48 percent.
Distribution of the loan portfolio by sectors of the economy:
|
Sphere of economics: |
Loan volume in 2021 |
Loan volume in 2020 |
Loan share in 2021 (%) |
Loan share in 2020 (%) |
|
Trade and services |
2.99 billion manat ($1.76 billion) |
2.6 billion manat ($1.5 billion) |
17.4 |
17.9 |
|
Energy, chemistry and natural resources |
749.3 million manat ($440.7 million) |
524.5 million manat ($308.5 million) |
4.4 |
3.6 |
|
Agriculture and processing |
591.7 million manat ($348 million) |
566.2 million manat ($333 million) |
3.5 |
3.9 |
|
Construction and property |
903 million manat ($531.1 million) |
493.2 million manat ($290.1 million) |
5.2 |
3.4 |
|
Industry and manufacturing sector |
971.7 million manat ($571.6 million) |
1.25 billion manat ($740 million) |
5.6 |
8.6 |
|
Transport and communications |
737.3 million manat ($433.7 million) |
848.5 million manat ($499.1 million) |
4.3 |
5.8 |
|
Households |
8.6 billion manat ($5 billion) |
6.7 billion manat ($3.9 billion) |
50.2 |
46.1 |
In general, the volume of loans issued in the real sector of the Azerbaijani economy in 2021 grew by 2.58 billion manat ($1.52 billion), or 17.8 percent on annual basis - from 14.53 billion manat ($8.55 billion) to 17.1 billion manat ($10.06 billion).
(1 USD = 1.7 AZN on Feb. 8)