BAKU, Azerbaijan, August 22. The volume of loans issued in Azerbaijan’s capital - Baku and regions increased by 3.5 billion manat ($2 billion) as of July 31, 2022, or 23.53 percent compared to the same period last year (from 14.9 billion manat or $8.7 billion to 18.4 billion manat or $10.8 billion), Trend reports citing the Central Bank of Azerbaijan (CBA).
According to CBA, loans worth 14.3 billion manat ($841.1 million) were issued in Baku during this period, which is 3.34 times higher than in the regions.
Loans in national currency in Baku accounted for 10 billion manat ($5.8 billion, 76.13 percent of total lending in Baku).
The average annual interest rate on loans in the country amounted to 12.12 percent, and in Baku - 10.68 percent.
Loan distribution table (as of July 31, 2022):
Volume of lending |
Average interest rate |
Share of total loans |
|||
Azerbaijan |
18.4 billion manat ($10.8 billion) |
12.12 percent |
100 percent |
||
Baku |
14.3 billion manat |
10.68 percent |
77.46 percent |
||
Economic regions, including: |
4.1 billion manat |
22.54 percent |
|||
|
293.1 million manat ($172.4 million) |
13.04 percent |
1.59 percent |
||
Absheron-Khizi |
715.4 million manat ($420.8 million) |
15.29 percent |
3.87 percent |
||
Mountainous Shirvan |
118 million manat ($69.4 million) |
19.47 percent |
0.64 percent |
||
Ganja-Dashkasan |
557.1 million manat ($327 million) |
16.34 percent |
3.01 percent |
||
Karabakh |
303.7 million manat ($178.6 million) |
18.74 percent |
1.64 percent |
||
Gazakh-TovuzZ |
314.1 million manat ($184.7 million) |
18.25 percent |
1.7 percent |
||
Guba-Khachmaz |
310.2 million manat ($182.4 million) |
16.9 percent |
1.68 percent |
||
Lankaran-Astara |
402.7 million manat ($236.8 million) |
18.65 percent |
2.18 percent |
||
Central Aran |
365.6 million manat ($209.7 million) |
18.18 percent |
1.98 percent |
||
Mil-Mughan |
191.8 million manat ($112.8 million) |
19.02 percent |
1.04 percent |
||
Shaki-Zagatala |
302.5 million manat ($177.9 million) |
16.67 percent |
1.64 percent |
||
East Zangazur |
- |
- |
- |
||
Shirvan-Salyan |
292.2 million manat ($171.8 million) |
18.88 percent |
1.58 percent |