BAKU, Azerbaijan, March 30. The largest amount of loans issued in Azerbaijan as of March 1, 2023, fell on households (56.8 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 29.06 percent year on year, from 8.9 billion manat ($5.2 billion) to 11.5 billion manat ($6.7 billion).
Meantime, lending to trade and services increased by 203.9 million manat ($119.9 million) or 6.71 percent in a year, from 3.03 billion manat ($1.78 billion) to 3.2 billion manat ($1.8 billion). The specific weight of the field of trade and services in the total volume of lending amounted to 15.9 percent.
The loan portfolio distribution by economic sectors:
|
Economic sector: |
Loan volume (February 2023) |
Loan volume (February 2022) |
Share (%), February 2023 |
Share (%), February 2022 |
|
Trade and services |
3.2 billion manat ($1.8 billion) |
3.03 billion manat ($1.78 billion) |
15.9 |
17.3 |
|
Energy, chemistry, and natural resources |
644.4 million manat ($374 million) |
720.1 million manat ($434 million) |
3.2 |
4.1 |
|
Agriculture and processing |
618.3 million manat ($363.7 million) |
591.6 million ($348 million) |
3 |
3.4 |
|
Construction and property |
1 billion manat ($588.2 million) |
986.1 million manat ($580 millon) |
5.2 |
5.6 |
|
Industry and manufacturing sector |
1.07 billion manat ($630 million) |
996.6 million manat ($586.2 million) |
5.3 |
5.7 |
|
Transport and communication |
785.5 million manat ($462 million) |
731.6 million manat ($430.3 million) |
3.8 |
4.2 |
|
Households |
11.5 billion manat ($6.7 billion) |
8.9 billion manat ($5.2 billion) |
56.3 |
50.9 |
Lending to the real sector of the Azerbaijani economy rose by 15.69 percent, or 2.7 billion manat ($1.59 billion) as of March 1, 2023, compared to the same period in 2022, from 17.58 billion manat ($10.34 billion) to 20.3 billion manat ($11.9 billion).