BAKU, Azerbaijan, November 30. The largest amount of loans issued in Azerbaijan as of November 1, 2022 fell on households (54.7 percent of total lending), Trend reports citing the Central Bank of Azerbaijan (CBA).
In the mentioned period, loans granted to households grew by 2.8 billion manat ($1.6 billion), or 34.8 percent year on year, from 8.12 billion manat ($4.7 billion) to 10.949 billion manat ($6.4 billion).
In addition, lending to trade and services increased by 484.2 million manat ($284 million) or 17.38 percent in a year, from 2.7 billion manat ($1.5 billion) to 3.27 billion manat ($1.9 billion). Specific weight of the field of trade and services in the total volume of lending amounted fir 16.3 percent.
The loan portfolio distribution by economic sectors:
|
Economic sector: |
Loan volume (October 2022) |
Loan volume (October 2021) |
Share, 2022 |
Share, 2021 |
|
Trade and services |
3.2 billion manat ($1.8 billion) |
2.786 billion manat ($1.6 billion) |
16,3 |
17 |
|
Energy, chemistry, and natural resources |
660.1 million manat ($388 million) |
741.9 million manat ($435 million) |
3,3 |
4,5 |
|
Agriculture and processing |
623.6 million manat ($366 million) |
573.8 million manat ($337 million) |
3,1 |
3,5 |
|
Construction and property |
1.18 billion manat ($690 million) |
879.9 million manat ($517 million) |
5,9 |
5,4 |
|
Industry and manufacturing sector |
1.07 billion manat ($630 million) |
945.2 million manat ($555 million) |
5,4 |
5,8 |
|
Transport and communication |
798.1 million manat ($469 million) |
748.7 million manat ($440 million) |
4 |
4,6 |
|
Households |
10.9 billion manat ($6.4 billion) |
8.12 billion manat ($4.7 billion) |
54,7 |
49,5 |
Lending to the real sector of the Azerbaijani economy rose by 21.93 percent, or 3.599 billion manat ($2.1 billion) in November 2022 compared to the same month of 2021, from 16.4 billion manat ($9.6 billion) to 20.01 billion manat ($11.7 billion).