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Volume of loans issued in Azerbaijan’s Baku and regions increases

Finance Materials 22 April 2022 11:58 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, April 22. The volume of loans issued in March 2022 in Azerbaijan’s Baku and regions increased by 3.1 billion manat ($1.8 billion), or 22.1 percent compared to the same month in 2021 - from 14.3 billion manat ($8.4 billion) to 17.5 billion manat ($10.2 billion), Trend reports citing the Central Bank of Azerbaijan Republic (CBAR).

According to CBAR, loans worth 13.6 billion manat ($8 billion) were issued in Baku during this period, which is 3.5 times higher than in regions.

Loans in Baku in national currency accounted for 9.3 billion manat ($ 5.4 billion, 68.5 percent of total lending in Baku).

The average annual interest rate on loans in Azerbaijan amounted to 11.8 percent, in Baku - 10.3 percent.

Loan distribution table (as of March 31, 2022)

Volume of lending (in thousand manats)

Average interest rate

Share of total loans

Azerbaijan

17.5 billion manat ($10.2 billion)

11.86 percent

100 percent

Baku

13.6 billion manat ($8 billion)

10,34 percent

78.15 percent

Economic regions

3.8 billion manat ($2.2 billion)

21.85 percent

Nakhchivan

269.9 million manat ($158.7 million)

12.92 percent

1.54 percent

Absheron-Khizi

648.6 million manat ($381.5 million)

15.4 percent

3.70 percent

Gorno-Shirvan

103.9 million manat ($61.1 million)

19.98 percent

0.59 percent

Ganja-Dashkesan

522.6 million manat ($307.4 million)

16.46 percent

2.98 percent

Karabakh

267.8 million manat ($157.5 million)

19.36 percent

1.53 percent

Gazakh-Tovuz

284.6 million manat ($167.4 million)

18.69 percent

1.62 percent

Guba-Khachmaz

291.1 million manat ($171.2 million)

17.01 percent

1.66 percent

Lankaran-Astara

370.1 million manat ($217.7 million)

19.04 percent

2.11 percent

Central Aran

339.1 million manat ($199.4 million)

18.44 percent

1.94 percent

Mil-Mugansky

175.6 million manat ($103.2 million)

19.45 percent

1.00 percent

Sheki-Zagatala

290.4 million manat ($170.8 million)

16.49 percent

1.66 percent

East Zangezur

0

0

0

Shirvan-Salyan

264.9 million manat ($155.8 million)

19.3 percent

1.51 percent

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