Azerbaijan, Baku, Feb. 13 / Trend N. Ismayilova /
Azerbaijani banks increased lending to the Azerbaijani economy by 8.59 percent, the CBA said on Saturday.
As of early Jan., the banks delivered loans totaling 9.950.3 billion manat (including 6.426.5 billion manat in national currency (64.6 percent) in national currency and 3.523.8 billion manat in hard currency) 35.4 percent.
As of early December, the figure was equal to 9.852.8 billion manat (6.271.6 billion in national currency and 3.581.1 billion manat in hard currency), and as of January 1, 2011 - 9.163.4 billion manat (5.865.3 billion manat and 3.298.1 billion manat).
Of the total portfolio, loans worth 633.8 million manat (6.4 percent) were overdue compared to 636.7 million manat as of Dec.1, about 492.9 million manat as of Jan.1, 2011. Statistics of overdue loans does not include similar loans of non-bank credit institution Aqrarkredit.
Short-term loans as of early Jan. 2012, amounted to 3.051.2 billion manat (including overdue loans worth 326.2 million manat) compared to 3.093.9 billion manat (including overdue loans worth 326.4 million manat) as of Dec. 1, about 2.567.1 billion manat (239.2 million) as of Jan.1, 2011.
The amount of short-term loans increased by 18.86 percent per year. As of late 2011, 34.5 percent of short-term lending fell to hard currency.
Long-term loans amounted to 6.899.1 billion manat (including 307.6 million manat overdue loans) compared to 6.758.9 billion manat (310.3 million overdue loans) as of Dec. 1, 6.596.3 billion manat (253.7 million manat) as of Jan. 1, 2011. The amount of long-term loans increased by 4.6 percent per year. As of the end of 2011, 35.85 percent of long-term lending fell to hard currency.
As of early January 2012, the only state bank of the country (the International Bank of Azerbaijan) granted loans totaling 3.300.0 billion manat with a specific weight of 33.2 percent (increased by 0.85 percent in December), and private banks - 6.398.8 billion manat with a specific weight of 64.3 percent (increasing by 1.1 percent in December). The remaining 2.5 percent fall to the share of non-bank credit organizations, which received loans worth 251.5 million manat.
The loans given to the population in the Azerbaijani regions hit 1.271.6 billion manat as of 2011 or 12.8 percent of the total loan portfolio of banks.
In Baku, the figure was 8.678.6 billion manat, where the loans in national currency hit 5.486.4 billion manat and foreign currency - 3.192.2 billion manat.
The average interest rate in the country as of 2011 was 16.3 percent, Baku - 15.9 percent.
The lending volume on Absheron economic region totaled 289.0 million manat at an average rate of 17.4 percent, Aran - 277.7 million manat 22.4 percent, Mountain-Shirvan - 33.5 million manat 20.2 percent, Ganja -Gazakh - 280.2 million manat 21.8 percent, Guba-Khachmaz - 104.1 million manat 20.8 percent, Lankaran - 121.0 million manat 24.7 percent, Sheki-Zagatala - 83.6 million manat 22.8 percent, the Upper Karabakh - 11.8 million manat 20.3 percent, Kalbajar-Lachin - 2.1 million manat 16.8 percent, Nakhchivan - 68.6 million manat 11.7 percent.
Most of all loans are granted to households in Azerbaijan. According to the CBA, as of Jan. 1, 2012 households received 33.3 percent or loans worth 3.315.0 billion manat.
The sphere of trade and services (28.6 percent or 2.844.4 billion manat) ranks second, the construction sector of real estate (8.8 percent or 875.3 million manat) ranks third.
About 5.9 percent or 582.9 million manat accounted for industry, agriculture and processing - 4.7 percent(466.7 million manat), 4.1 percent or 409.7 million manat - transport and communications, energy natural resources - 2.9 percent (289.7 million manat), rest areas - 0.5 percent or 46.8 million manat of loans.
The official exchange rate is 0,7863 AZN/USD on Feb. 13.