BAKU, Azerbaijan, September 26. The volume of loans issued in Azerbaijan’s capital - Baku and regions increased by 3.4 billion manat ($2 billion) as of August 31, 2022, or 22.57 percent compared to the same period last year (from 15.2 billion manat or $8.9 billion to 18.6 billion manat or $10.9 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 3.36 times higher than in the regions.
Loans in national currency in Baku accounted for 10.3 billion manat ($6 billion, 71.83 percent of total lending in Baku).
The average annual interest rate on loans in the country amounted to 12.22 percent, and in Baku - 10.54 percent.
Loan distribution table (as of August 31, 2022):
|
Volume of lending |
Average interest rate |
Share of total loans |
|||
|
Azerbaijan |
18.6 billion manat ($10.9 billion) |
12.22 percent |
100 percent |
||
|
Baku |
14.3 billion manat ($8.4 billion) |
10.54 percent |
77.08 percent |
||
|
Economic regions, including: |
4.2 billion manat ($2.4 billion) |
22.92 percent |
|||
|
298.4 million manat ($175.5 million) |
13.97 percent |
1.60 percent |
||
|
Absheron-Khizi |
722.6 million manat ($425 million) |
15.76 percent |
3.88 percent |
||
|
Mountainous Shirvan |
121 million manat ($71.1 million) |
20.13 percent |
0.65 percent |
||
|
Ganja-Dashkasan |
568.7 million manat ($334.5 million) |
17.03 percent |
3.05 percent |
||
|
Karabakh |
312.9 million manat ($184 million) |
20.07 percent |
1.68 percent |
||
|
Gazakh-TovuzZ |
314.1 million manat ($184.7 million) |
18.74 percent |
1.75 percent |
||
|
Guba-Khachmaz |
325.2 million manat ($191.2 million) |
17.4 percent |
1.72 percent |
||
|
Lankaran-Astara |
416.3 million manat ($244.8 million) |
19.46 percent |
2.23 percent |
||
|
Central Aran |
376.1 million manat ($221.2 million) |
19.2 percent |
2.02 percent |
||
|
Mil-Mughan |
195.4 million manat ($114.9 million) |
20.71 percent |
1.05 percent |
||
|
Shaki-Zagatala |
313.8 million manat ($184.5 million) |
17.25 percent |
1.68 percent |
||
|
East Zangazur |
- |
- |
- |
||
|
Shirvan-Salyan |
300 million manat ($176.4 million) |
19.82 percent |
1.61 percent |