BAKU, Azerbaijan, Mar.4
By Zeyni Jafarov – Trend:
The volume of lending to the energy, chemistry and natural resources sector in Azerbaijan amounted to 771 million manat ($453.5 million) in January 2021, Trend reports citing the report of the Central Bank of Azerbaijan (CBA).
The mentioned figure has increased by 141.6 million manat ($83.3 million), or 22.5 percent since early 2020.
As reported, 9.1 million manat ($5.35 million), or 1.2 percent, accounted for short-term loans. Of these, about 900,000 manat ($529,411) were issued in national currency, 8.2 million manat ($4.82 million) in foreign currency.
Long-term loans amounted to 481.9 million manat ($283.4 million), or 98.1 percent. Loans worth 600,000 manat ($352,941) were issued in the national currency, and the share of foreign currency amounted to 481.2 million manat ($283 million).
The main share of all lending operations carried out in the energy, chemistry and natural resources sector fell on foreign currency, amounting to 489.4 million manat ($287.8 million) of the total lending to this sector.
“In January 2021, the share of lending to this sector in lending to the real sector amounted to 5.3 percent, which is 1.2 percentage points more compared to January 2020. In this month, the volume of lending to the real sector in January 2021 totaled over 14.5 billion manat ($8.53 billion),” said the report.
(1 USD = 1.7 AZN on Mar.4)
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