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Lending in Azerbaijan's Baku, regions up in January 2022

Finance Materials 28 February 2022 11:35 (UTC +04:00)
Lending in Azerbaijan's Baku, regions up in January 2022

BAKU, Azerbaijan, Feb. 28

By Nazrin Israfilova – Trend:

The volume of loans issued in the capital and regions of Azerbaijan in January 2022 grew, Trend reports via the Central Bank of the country (CBA).

According to the CBA, this figure amounted to 16.7 billion manat ($9.8 billion), up by 2.5 billion manat ($1.47 billion), or 18 percent compared to January 2021 (14.2 billion manat or $8.3 billion).

In the first month of this year, loans worth 13.1 billion manat ($7.7 billion) were issued in Baku, which is 3.56 times higher than in the regions.

In the capital, 8.8 billion manat ($5.1 billion) of the loans were issued in Azerbaijan's manat, which is 67.74 percent of total lending in Baku.

The average annual interest rate on loans in the country amounted to 11.89 percent, and in Baku – 10.34 percent.

Loan distribution table (as of Jan. 31, 2022):

Lending volume

Average interest rate (percent)

Share of total loans (percent)

Azerbaijan

16.7 billion manat ($9.8 billion)

11.83

100

Baku

13.1 billion manat ($7.7 billion)

10.24

78.09

Economic regions, including:

3.6 billion manat ($2.1 billion)

21.91

Nakhchivan

254.7 million manat ($149.8 million)

13.1

1.51

Absheron-Khizi

620.8 million manat ($362,9 million)

15.64

3.69

Mountainous Shirvan

99.1 million manat ($58.3 million)

20.09

0.59

Ganja-Dashkasan

502.2 million manat ($295.4 million)

16.54

2.99

Karabakh

256 million manat ($150.6 million)

19.44

1.52

Gazakh-Tovuz

272.5 million manat ($160.3 million)

18.79

1.62

Guba-Khachmaz

279.9 million manat ($164.6 million)

16.98

1.67

Lankaran-Astara

354.5 million manat ($208.5 million)

19.07

2.11

Central Aran

325 million manat ($191.1 million)

18.82

1.93

Mil-Mughan

167.7 million manat ($98.6 million)

19.57

1

Shaki-Zagatala

285 million manat ($167.6 million)

16.18

1.69

East Zangazur

Shirvan-Salyan

258.3 million manat ($151.9 million)

19.3

1.53

(1 USD = 1.7 AZN on Feb. 28)

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