BAKU, Azerbaijan, July 26. The volume of loans issued in Azerbaijan’s capital - Baku and regions increased by 3.3 billion manat ($1.9 billion) as of June 30, 2022, or 22.4 percent compared to the same period last year (from 14.2 billion manat or $8.3 billion to 18.3 billion manat or $10.7 billion), Trend reports citing the Central Bank of Azerbaijan (CBA).
According to CBA, loans worth 14.2 billion manat ($8.3 billion) were issued in Baku during this period, which is 3.5 times higher than in the regions.
Loans in national currency in Baku accounted for 10.1 billion manat ($5.9 billion, 70.7 percent of total lending in Baku).
The average annual interest rate on loans in the country amounted to 12.09 percent, and in Baku - 10.63 percent.
Loan distribution table (as of June 30, 2022):
|
Volume of lending |
Average interest rate |
Share of total loans |
|||
|
Azerbaijan |
18.3 billion manat - |
12.09 percent |
100 percent |
||
|
Baku |
14.2 billion manat |
10.63 percent |
77.52 percent |
||
|
Economic regions, including: |
4.1 million manat |
22.48 percent |
|||
|
287,300 manat |
12.99 percent |
1.57 percent |
||
|
Absheron-Khizi |
705,905 manat |
15.3 percent |
3.85 percent |
||
|
Mountainous Shirvan |
116,074 manat |
19.56 percent |
0.63 percent |
||
|
Ganja-Dashkasan |
555,721 manat |
16.33 percent |
3.03 percent |
||
|
Karabakh |
297,900 manat |
18.81 percent |
1.63 percent |
||
|
Gazakh-TovuzZ |
308,270 manat |
18.35 percent |
1.68 percent |
||
|
Guba-Khachmaz |
312,690 manat |
16.85 percent |
1.71 percent |
||
|
Lankaran-Astara |
397,049 manat |
18.73 percent |
2.17 percent |
||
|
Central Aran |
358,797 manat |
18.28 percent |
1.96 percent |
||
|
Mil-Mughan |
188,915 manat |
19.14 percent |
1.03 percent |
||
|
Shaki-Zagatala |
301,996 manat |
16.81 percent |
1.65 percent |
||
|
East Zangazur |
- |
- |
- |
||
|
Shirvan-Salyan |
287,489 manat |
18.95 percent |
1.57 percent |