BAKU, Azerbaijan, Dec. 4
By Eldar Janashvili - Trend:
The bank lending slightly exceeded 14 billion manat ($8.2 billion) in Azerbaijan as of Nov. 1, 2019, which is 8 percent more compared to Nov. 1, 2018, Trend reports with reference to Central Bnak of Azerbaijan (CBA).
The loans worth 11.25 billion manat ($6.6 billion) were issued in Baku as of Nov. 1, which is almost four times more than in the Azerbaijani regions. In Baku, loans in national currency amounted to 6.6 billion manat ($3.8 billion) or 58.9 percent of the total lending.
The average annual interest rate on loans amounted to 11.7 percent in Azerbaijan and 9.8 percent in Baku as of Nov. 1.
Distribution of loans in the Azerbaijani economic regions as of Nov. 1, 2019:
|
Economic regions |
Lending (in 1,000 manat) |
Average interest rate |
|
Absheron |
515,926 |
16.3 |
|
Aran |
729,592 |
22 |
|
Mountainous Shirvan |
70,964 |
22.2 |
|
Ganja-Gazakh |
588,951 |
19.1 |
|
Guba-Khachmaz |
199,425 |
19.4 |
|
Lankaran |
272,788 |
21.1 |
|
Shaki-Zagatala |
222,009 |
17.2 |
|
Upper Karabakh |
61,301 |
24.0 |
|
Kalbajar-Lachin |
0.0 |
0.0 |
|
Nakhchivan |
155,324 |
13.9 |
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