BAKU, Azerbaijan, March 18. The largest share of loans issued in February 2022 in Azerbaijan fell on households, accounting for 50.9 percent of total lending, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, the volume of loans issued to households amounted to 8.948 billion manat ($5.26 billion), increasing by 2.17 billion manat ($1.27 billion), or 32.15 percent on annual basis.
Meanwhile, lending to trade and services increased over the year by 527 million manat ($310.18 million), or 20.9 percent, up to 3.039 billion manat ($1.78 billion) against 2.512 billion manat ($1.47 billion) in February 2021. The share of trade and services in the total volume of lending amounted to 17.3 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 |
3.039 billion manat ($1.78 billion) |
2.5 billion manat ($1.47 billion) |
17.3 |
17.2 |
|
Energy, chemistry and natural resources |
720.8 million manat ($424.2 million) |
768.1 million manat ($452.06 million) |
4.3 |
5.3 |
|
Agriculture and processing |
591.6 million manat ($348.19 million) |
569.8 million manat ($335.3 million) |
3.4 |
3.9 |
|
Construction and property |
986.1 million manat ($580.39 million) |
688 million manat ($404.9 million) |
5.6 |
4.7 |
|
Industry and manufacturing sector |
996.6 million manat ($586.58 million) |
908.3 million manat ($534.6 million) |
5.7 |
6.2 |
|
Transport and communications |
731.6 million manat ($430.6 million) |
860.5 million manat ($506.48 million) |
4.2 |
5.9 |
|
Households |
8.9 billion manat ($5.26 billion) |
6.77 billion manat ($3.98 billion) |
50.9 |
46.3 |
In general lending to the real sector of the Azerbaijani economy in February 2022 grew by 2.968 billion manat ($1.7 billion), or 20.3 percent on annual basis, from 14.6 billion manat ($8.6 billion) to 17.58 billion manat ($10.3 billion).