BAKU, Azerbaijan, November 30. As of October 31, 2022, the volume of issued loans in the capital and districts of Azerbaijan increased by 3.473 billion manat ($2.04 billion) or 21.71 percent from 15.997 billion manat ($9.4 billion) to 19.74 billion manat ($11.6 billion) compared to the same period of the previous year, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, loans worth 15.012 billion manat ($8.83 billion) were issued in Baku, which is 3.36 times higher than in the districts.
In the capital, loans in national currency totaled 10.89 billion manat ($6.4 billion), or 72.54 percent of the total volume of loans in Baku.
The average annual interest rate on the country’s loans totaled 12.2 percent, and on Baku - 10.58 percent.
Loan distribution table (as of October 31, 2022):
Lending volume |
Average interest rate (%) |
Share of total loans (%) |
|
Azerbaijan |
19.470 billion manat ($11.45 billion) |
12,2 |
100,00% |
Baku |
15.012 billion manat ($8.83 billion) |
10,58 |
77,10% |
Economic regions, including: |
4.457 billion manat ($2.62 billion) |
22,90% |
|
Nakhchivan |
303.864 million manat ($178 million) |
13,91 |
1,56% |
Absheron-Khizi |
748.447 million manat ($440 million) |
15,69 |
3,84% |
Mountainous Shirvan |
127.215 million manat ($74.8 million) |
19,85 |
0,65% |
Ganja-Dashkasan |
583.584 million manat ($392 million) |
16,91 |
3,00% |
Karabakh |
327.869 million manat ($192 million) |
19,81 |
1,68% |
Gazakh-Tovuz |
338.225 million manat ($198 million) |
18,53 |
1,74% |
Guba-Khachmaz |
338.481 million manat ($199 million) |
17,14 |
1,74% |
Lankaran-Astara |
440.981 million manat ($259 million) |
19,24 |
2,26% |
Central Aran |
387.032 million manat ($227 million) |
19,04 |
1,99% |
Mil-Mughan |
203.317 million manat ($119 million) |
20,37 |
1,04% |
Shaki-Zagatala |
354.743 million manat ($208 million) |
16,24 |
1,82% |
East Zangazur |
- |
- |
- |
Shirvan-Salyan |
304.095 million manat ($178 million) |
19,8 |
1,56% |