BAKU, Azerbaijan, July 26. The largest share of loans issued in Azerbaijan in June 2022 fell on households, amounting to 52.7 percent of total lending, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to CBA, the volume of loans issued to households, in the reporting month, grew on an annual basis by 2.59 billion manat ($1.52 billion), or 35.49 percent - from 7.3 billion manat ($4.3 billion) to 9.9 billion manat ($5.8 billion).
At the same time, lending to the sphere of trade and services increased over the year by 592.7 million manat ($348.6 million), or 23.17 percent - up to 3.15 billion manat ($1.85 billion) compared to 2.5 billion manat ($1.4 billion) in June 2021. The share of trade and services in the total volume of lending amounted to 16.7 percent.
Distribution of the loan portfolio by economic sectors:
|
Economic sector: |
Volume of loans (June 2022) |
Volume of loans (June 2021) |
Share, 2022 |
Share, 2021 |
|
Trade and services |
3.15 billion manat ($1.85 billion) |
2.5 billion manat ($1.4 billion) |
16.7 percent |
16.8 percent |
|
Energy, chemistry and natural resources |
696 million manat ($409.4 million) |
748.5 million manat ($440.3 million) |
3.7 percent |
4.9 percent |
|
Agriculture and processing |
597.3 million manat ($351.3 million) |
566 million manat ($332.9 million) |
3.2 percent |
3.7 percent |
|
Construction and property |
1.18 billion manat ($690 million) |
737.3 million manat ($433.7 million) |
6.3 percent |
4.8 percent |
|
Industry and manufacturing sector |
991.1 million manat ($583 million) |
922 million manat ($542.3 million) |
5.3 percent |
6 percent |
|
Transport and communications |
773.9 million manat ($455.2 million) |
820.9 million manat ($482.8 million) |
4.1 percent |
5.4 |
|
Households |
9.9 billion manat ($5.8 billion) |
7.3 billion manat ($4.3 billion) |
52.7 percent |
48 percent |
Lending to the real sector of the Azerbaijani economy totally increased by 23.3 percent, or 3.56 billion manat ($2.09 billion) in June 2022 compared to the same month in 2021 - from 15.25 billion manat ($8.97 billion) to 18.8 billion manat ($11.06 billion).