BAKU, Azerbaijan, January 25. The largest amount of loans issued in Azerbaijan as of January 1, 2023, fell on households (55.9 percent of total lending), Trend reports citing the Central Bank of Azerbaijan (CBA).
In the mentioned period, loans granted to households grew by 2.6 billion manat ($1.5 billion), or 30.97 percent year on year, from 8.6 billion manat ($5.06 billion) to 11.2 billion manat ($6.5 billion).
In addition, lending to trade and services increased by 310.4 million manat ($182.5 million) or 10.37 percent in a year, from 2.9 billion manat ($1.7 billion) to 3.3 billion manat ($1.9 billion). The specific weight of the field of trade and services in the total volume of lending amounted to 16.4 percent.
The loan portfolio distribution by economic sectors:
|
Economic sector: |
Loan volume (December 2022) |
Loan volume (December 2021) |
Share (percent), 2022 |
Share (percent), 2021 |
|
Trade and services |
3.3 billion ($1.9 billion) |
2.9 billion ($1.7 billion) |
16.4 |
17.5 |
|
Energy, chemistry, and natural resources |
649.9 million ($382.2 million) |
749 million ($440 million) |
3.2 |
4.4 |
|
Agriculture and processing |
629.1 million ($370 million) |
591.7 million ($348.06 million) |
3.1 |
3.5 |
|
Construction and property |
1 billion ($588.2 million) |
903.2 million ($531.2 millon) |
5.4 |
5.3 |
|
Industry and manufacturing sector |
1.05 billion ($617.6 million) |
971.7 million ($571.5 million) |
5.3 |
5.7 |
|
Transport and communication |
792.7 million ($466.2 million) |
737.3 million ($433.7 million) |
3.9 |
4.3 |
|
Households |
11.2 billion ($6.5 billion) |
8 billion ($4.7 billion) |
55.9 |
50.3 |
Lending to the real sector of the Azerbaijani economy rose by 17.9 percent, or 3 billion manat ($1.7 billion) as of January 1, 2023, compared to the same period in 2022, from 17.1 billion manat ($10 billion) to 20.1 billion manat ($11.8 billion).