BAKU, Azerbaijan, April 25. The largest share of loans issued fell on households in Azerbaijan, in March 2022 amounting to 51.4 percent of total lending, Trend reports citing the Central Bank of Azerbaijan Republic (CBAR).
According to CBAR, the volume of loans issued to households increased by 2.3 billion manat ($1.3 billion) during this period, or 34.8 percent, from 6.8 billion manat ($4 billion) to 9.2 billion manat ($5.4 billion).
At the same time, lending to the sphere of trade and services increased over the year by 563.6 million manat ($331.5 million), or 22.3 percent - up to 3.08 billion manat ($1.8 billion) compared to 2.5 billion manat ($1.4 billion) in March 2021. The share of trade and services in the total volume of lending amounted to 17.1 percent.
Distribution of loan portfolio by sectors of the economy
|
Economic sector: |
Volume of loans (March 2022) |
Volume of loans, (March 2021) |
Share, 2022 |
Share, |
|
Trade and services |
3.08 billion manat ($1.8 billion) |
2.5 billion manat ($1.4 billion) |
17.1 percent |
17.1 percent |
|
Energy, chemistry and natural resources |
728.8 million manat ($428.7 million) |
769 million manat ($452.3 million) |
4 percent |
5.2 percent |
|
Agriculture and processing |
597.5 million manat ($351.4 million) |
570.9 million manat ($335.8 million) |
3.3 percent |
3.9 percent |
|
Construction and property |
1 billion manat ($588.2 million) |
681.5 million manat ($400.8 million) |
5.6 percent |
4.6 percent |
|
Industry and manufacturing sector |
1.01 billion manat ($594.1 million) |
920 million manat ($541.1 million) |
5.6 percent |
6.2 percent |
|
Transport and communications |
737.6 million manat ($433.8 million) |
854.2 million manat ($502.4 million) |
4.1 percent |
5.8 percent |
|
Households |
9.2 billion manat ($5.4 billion) |
6.8 billion manat ($4 billion) |
51.4 percent |
46.6 percent |
Lending to the real sector of the Azerbaijani economy totally increased by 22.2 percent, or 3.2 billion manat ($1.8 billion) in March 2022 compared to the same period in 2021 - from 14.7 billion manat ($8.6 billion) to 18 billion manat ($10.5 billion).