BAKU, Azerbaijan, May 24. The volume of loans issued in the capital and regions of Azerbaijan increased by 3.2 billion manat ($1.8 billion), or 22.1 percent in April 2022 compared to April 2021 - from 14.6 billion manat ($8.5 billion) to 17.8 billion manat ($10.4), Trend reports citing the Central Bank of Azerbaijan Republic (CBAR).
According to CBAR, loans worth 13.8 billion manat ($8.1 billion) were issued in Baku during this period, which is 3.5 times higher than in regions.
Loans issued in the capital in national currency accounted for 9.6 billion manat ($5.6 billion, 67.4 percent of total lending in Baku).
The average annual interest rate on loans in Azerbaijan amounted to 11.9 percent, and in Baku - 10.4 percent.
Loan distribution table (as of April 30, 2022):
|
Volume of lending |
Average interest rate |
Share of total loans |
|
|
Azerbaijan |
17.8 billion manat ($10.4 billion) |
11.91 percent |
100 percent |
|
Baku |
13.8 billion manat ($8.1 billion) |
10.4 percent |
77.86 percent |
|
Economic regions, including: |
3.9 billion manat ($2.2 billion) |
22.14 percent |
|
|
Nakhchivan |
278.3 million manat ($163.7 million) |
12.73 percent |
1.56 percent |
|
Absheron-Khizi |
677.5 million manat ($398.5 million) |
15.26 percent |
3.8 percent |
|
Mountainous Shirvan |
108.7 million manat ($63.9 million) |
19.78 percent |
0.61 percent |
|
Ganja-Dashkasan |
533.01 million manat ($313.5 million) |
16.42 percent |
2.99 percent |
|
Karabakh |
278.6 million manat ($163.8 million) |
19.12 percent |
1.56 percent |
|
Gazakh-Tovuz |
295.6 million manat ($173.8 million) |
18.52 percent |
1.66 percent |
|
Guba-Khachmaz |
299.9 million manat ($176.4 million) |
16.93 percent |
1.68 percent |
|
Lankaran-Astara |
385.2 million manat ($226.5 million) |
18.84 percent |
2.16 percent |
|
Central Aran |
344.8 million manat ($202.8 million) |
18.67 percent |
1.93 percent |
|
Mil-Mughan |
181.1 million manat ($106.5 million) |
19.31 percent |
1.02 percent |
|
Shaki-Zagatala |
294.8 million manat ($173.4 million) |
16.63 percent |
1.65 percent |
|
East Zangazur |
0 |
0 |
0 |
|
Shirvan-Salyan |
272.7 million manat ($160.4 million) |
19.15 percent |
1.53 percent |