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 |