BAKU, Azerbaijan, Jan. 30
By Eldar Janashvili - Trend:
The bank lending amounted to 14.9 billion manat ($8.7 billion) in Azerbaijan as of Jan. 1, 2020, which is 14.6 percent more compared to Jan. 1, 2019, Trend reports with reference to Central Bank of Azerbaijan (CBA).
The loans worth 11.9 billion manat ($7 billion) were issued in Baku as of Jan. 1, 2020, which is four times more than in the Azerbaijani regions. In Baku, loans in national currency amounted to 6.9 billion manat ($4 billion) or 58 percent of the total lending.
The average annual interest rate on loans amounted to 11.1 percent in Azerbaijan and 9.3 percent in Baku as of Jan. 1.
Distribution of loans in the Azerbaijani economic regions as of Jan. 1, 2020:
|
Economic regions |
Lending (manat) |
Average interest rate |
|
Absheron |
546.5 million ($321.4 million) |
15.6 |
|
Aran |
763.6 million ($449.1 million) |
20.7 |
|
Mountainous Shirvan |
72 million ($42.3 million) |
21 |
|
Ganja-Gazakh |
621.6 million ($365.6 million) |
18.4 |
|
Guba-Khachmaz |
204.9 million ($120.5 million) |
18.6 |
|
Lankaran |
282.7 million ($166.2 million) |
20.1 |
|
Shaki-Zagatala |
226.9 million ($133.4 million) |
16.3 |
|
Upper Karabakh |
608.2 million ($357.7 million) |
23.1 |
|
Kalbajar-Lachin |
no data available |
no data available |
|
Nakhchivan |
167.2 million ($98.3 million) |
15.2 |
(1 USD = 1.7 AZN on Jan. 30)
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