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 |