Baku, Azerbaijan, Sept. 5
By Zulfiyya Gurbanova - Trend:
The loans given to the public in Azerbaijan's regions totalled 2.70 billion AZN as of July 2014, or 16 percent of the banks' total loan portfolio, according to Azerbaijani Central Bank's (CBA) report for Jan.-July, 2014.
This figure is 96.9 percent more than the indicators for the same period of 2013.
In Azerbaijani capital of Baku the figure stood at 14.325 billion AZN. Here the loans in national currency (AZN) amounted to 10.345 billion AZN.
In July 2014, the average interest rate on loans throughout the country was 14.3 percent, while in Baku this indicator stood at 13.1 percent.
The volume of lending in the Absheron Economic Region totalled 546.14 million AZN at an average rate of 18.2 percent.
In other economic regions the lending indicator was as follows: Aran - 946.9 million AZN at a rate of 21 percent, Mountainous Shirvan - 107.3 million AZN at a rate of 23.6 percent, Ganja-Gazakh - 359.26 million AZN at a rate of 22.1 percent, Guba-Khachmaz - 111.07 million AZN at a rate of 22.4 percent, Lankaran - 284.94 million AZN at a rate of 23.5 percent, Shaki-Zagatala - 154.4 million AZN at a rate of 20.4 percent, the Upper Karabakh - 68.02 million AZN at a rate of 20 percent, Kalbajar-Lachin - 25.4 million AZN at a rate of 25.2 percent, Nakhchivan - 104.9 million AZN at a rate of 13.1 percent.
As of Aug. 1, the total loans granted by banks amounted to 17 034 million AZN, or 72.6 percent more than in the same period of 2013.
There are 44 banks in Azerbaijan.
The official exchange rate for Sept. 5 is 0.7843 AZN/USD.
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