BAKU, Azerbaijan, February 25. The largest amount of loans issued in Azerbaijan as of February 1, 2023, fell on households (56.3 percent of total lending), Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, in the mentioned period, loans granted to households grew by 2.6 billion manat ($1.5 billion), or 30.1 percent year on year, from 8.7 billion manat ($5.1 billion) to 11.4 billion manat ($6.7 billion).
Meantime, lending to trade and services increased by 276.3 million manat ($162.5 million) or 9.3 percent in a year, from 3.2 billion manat ($1.8 billion) to 2.9 billion manat ($1.7 billion). The specific weight of the field of trade and services in the total volume of lending amounted to 16 percent.
The loan portfolio distribution by economic sectors:
|
Economic sector: |
Loan volume (January 2023) |
Loan volume (January 2022) |
Share (%), January 2023 |
Share (%), January 2022 |
|
Trade and services |
3.2 billion ($1.8 billion) |
2.9 billion ($1.7 billion) |
16 |
17.2 |
|
Energy, chemistry, and natural resources |
635.9 million ($374 million) |
737.8 million ($434 million) |
3.1 |
4.3 |
|
Agriculture and processing |
617.1 million ($363 million) |
595.8 million ($350.4 million) |
3 |
3.5 |
|
Construction and property |
1 billion ($588.2 million) |
910.4 million ($535.5 millon) |
5.5 |
5.3 |
|
Industry and manufacturing sector |
1.07 billion ($630 million) |
959.8 million ($564.59 million) |
5.3 |
5.6 |
|
Transport and communication |
785.5 million ($462 million) |
744.6 million ($438 million) |
3.9 |
4.3 |
|
Households |
11.4 billion ($6.7 billion) |
8.7 billion ($5.1 billion) |
56.3 |
50.9 |
Lending to the real sector of the Azerbaijani economy rose by 17.5 percent, or three billion manat ($1.7 billion) as of January 1, 2023, compared to the same period in 2022, from 17.2 billion manat ($10.1 billion) to 20.2 billion manat ($11.8 billion).