BAKU, Azerbaijan, March 10
By Kamran Gasimov - Trend:
The assets of the banking sector of Azerbaijan amounted to 38.5 billion manat ($22.6 billion) at the end of last year, which is 20 percent or 6.4 billion manat ($3.7 billion) more than in 2020, Trend reports citing the report of the Cabinet of Ministers of Azerbaijan on activities in 2021.
The loan portfolio of banks increased by 17.7 percent or 2.5 billion manat ($1.4 billion) in 2021, amounting to 43.3 percent of banks' assets (16.7 billion manat – $9.8 billion).
Some 26.2 percent of loans issued by banks were loans issued in foreign currency (loans issued in foreign currency in the previous year accounted for 30.2 percent of the total loan portfolio)
The consumer portfolio of banks increased by 23.4 percent, mortgage portfolio - by 19 percent, business portfolio - by 14.9 percent.