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Azerbaijan reveals volume of loans issued in Baku, districts

Finance Materials 24 February 2023 16:43 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, February 24. The volume of issued loans in the capital and districts of Azerbaijan increased by 2.8 billion manat ($1.6 billion) or 17.21 percent as of January 31, 2023, from 16.7 billion manat ($9.8 billion) to 19.6 billion manat ($11.5 billion) compared to the same period in 2022, Trend reports citing the Central Bank of Azerbaijan (CBA).

According to the CBA, loans worth 15.06 billion manat ($8.86 billion) were issued in Baku, which is 3.27 times higher than in the districts.

In the capital, loans in national currency totaled 11.2 billion manat ($6.5 billion), or 74.8 percent of the total volume of loans in Baku.

The average annual interest rate on the country’s loans totaled 12.35 percent, and on Baku's loans - 10.73 percent.

Loan distribution table (as of January 31, 2023):

Lending volume

Average interest rate (percentage)

Share of total loans (percentage)

Azerbaijan

19.6 billion manat ($11.5 billion)

12.35

100.00

Baku

15.06 billion manat ($8.86 billion)

10.73

76.1

Economic regions, including:

4.6 billion manat ($2.7 billion)

23.39

Nakhchivan

307.5 million manat ($180.8 million)

13.85

1.56

Absheron-Khizi

773 .8 million manat ($455.1 million)

15.65

3.93

Mountainous Shirvan

133.7 million manat ($78.6 million)

19.85

0.68

Ganja-Dashkasan

597.4 million manat ($351.4 million)

16.86

3.04

Karabakh

337.8 million manat ($198.7 million)

19.77

1.72

Gazakh-Tovuz

362.9 million manat ($213.4 million)

18.44

1.85

Guba-Khachmaz

348.3 million manat ($204.8 million)

17.19

1.77

Lankaran-Astara

465.1 million manat ($273.5 million)

19.16

2.36

Central Aran

393.8 million manat ($231.6 million)

18.7

2.00

Mil-Mughan

207.2 million manat ($121.8 million)

20.23

1.05

Shaki-Zagatala

356.8 million manat ($209.8 million)

16.76

1.81

Eastern Zangazur

-

-

-

Shirvan-Salyan

315.1 million manat ($185.3 million)

19.54

1.60

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