BAKU, Azerbaijan, September 27. The largest amount of loans issued in Azerbaijan in August 2022 fell on households (54 percent of total lending), Trend reports citing the Central Bank of Azerbaijan (CBA).
In the reporting month, loans granted to households grew by 2.6 billion manat ($1.527 billion), or 34.28 percent year on year, from 7.69 billion manat ($4.5 billion) to 10.328 billion manat ($6.06 billion).
Meanwhile, loans of 3.13 billion manat ($1.83 billion) were rendered to trade and services against 2.548 billion manat ($1.49 billion) in August 2021. This figure was 583.8 million manat ($342.99 million), or 22.91 percent more than in the same period last year. Thus, trade and services accounted for 16.4 percent of total lending.
The loan portfolio distribution by economic sectors:
|
Economic sector: |
Loan volume (August 2022) |
Loan volume (August 2021) |
Share, 2022 |
Share, 2021 |
|
Trade and services |
3.13 billion manat ($1.83 billion) |
2.548 billion manat ($1.49 billion) |
16.4 percent |
16.3 percent |
|
Energy, chemistry, and natural resources |
608.9 million manat ($357.7 million) |
743.9 million manat ($437.02 million) |
3.2 percent |
4.8 percent |
|
Agriculture and processing |
598.8 million manat ($351.77 million) |
570.4 million manat ($335.07 million) |
3.1 percent |
3.7 percent |
|
Construction and property |
1.19 billion manat ($699.04 million) |
808.9 million manat ($475.17 million) |
6.2 percent |
5.2 percent |
|
Industry and manufacturing sector |
1.07 billion manat ($628.5 million) |
871.9 million manat ($512.17 million) |
5.6 percent |
5.6 percent |
|
Transport and communication |
759.1 million manat ($445.9 million) |
748.5 million manat ($439.68 million) |
4 percent |
4.8 percent |
|
Households |
10.3 billion manat ($6.06 billion) |
7.69 billion manat ($4.5 billion) |
54 percent |
49.3 percent |
Lending to the real sector of the Azerbaijani economy rose by 22.61 percent, or 3.528 billion manat ($2.07 billion) in August 2022 compared to the same month of 2021, from 15.6 billion manat ($9.16 billion) to 19.1 billion manat ($11.2 billion).