BAKU, Azerbaijan, May 27. The volume of loans issued in the capital and regions of Azerbaijan increased by 4.26 billion manat ($2.5 billion), or 20.93 percent, as of April 30, 2024, compared to the same period in 2023, amounting to 24.6 billion manat ($14.5 billion), Trend reports.
Data from the Central Bank of Azerbaijan (CBA) shows that 18.97 billion manat ($11.16 billion) worth of loans were issued in Baku in the mentioned period, which is 3.34 times higher than the total volume of loans issued in all regions of the country.
The loans in the national currency in Baku amounted to 14.49 billion manat ($8.5 billion) (76.37 percent of the total volume of lending in Baku).
The average annual interest rate in the country amounted to 12.68 percent; in Baku, it was 11.25 percent.
Loan distribution table (as of April 30, 2024):
|
Volume of lending (in manat) |
Average interest rate (%) |
Share of total deposits (%) |
|
|
Аzerbaijan |
24.6 billion manat ($14.5 billion) |
12.68 |
100 |
|
Baku |
18.97 billion manat ($11.16 billion) |
11.25 |
77 |
|
Economic regions, including: |
5.7 billion manat ($3.3 billion) |
23 |
|
|
Nakhchivan |
405 million manat ($238 million) |
13.52 |
1.64 |
|
Absheron-Khizi |
896 million manat ($527 million) |
15.93 |
3.64 |
|
Mountainous-Shirvan |
171 million manat ($101 million) |
19.42 |
0.69 |
|
Ganja-Dashkasan |
731 million manat ($430 million) |
16.72 |
2.97 |
|
Karabakh |
430 million manat ($253 million) |
19.01 |
1.75 |
|
Gazakh-Tovuz |
459 million manat ($270 million) |
18.4 |
1.86 |
|
Guba-Khachmaz |
417.3 million manat ($245.3 million) |
17.36 |
1.69 |
|
Lankaran-Astara |
568.4 million manat ($334 million) |
18.97 |
2.31 |
|
Central Aran |
497 million manat ($292 million) |
18.52 |
2.02 |
|
Mil-Mugan |
262.97 million manat ($154.7 million) |
18.83 |
1.07 |
|
Sheki-Zagatala |
442.2 million manat ($260 million) |
17.16 |
1.79 |
|
East Zangezur |
- |
- |
- |
|
Shirvan-Salyan |
389 million manat ($229 million) |
18.68 |
1.58 |
To note, the volume of loans issued in the capital and regions of Azerbaijan as of December 31, 2023, increased by 3.5 billion manat ($2 billion), or 18.31 percent, compared to the same period in 2022, amounting to 23.1 billion manat ($13.5 billion).