BAKU, Azerbaijan, Apr. 13
By Zeyni Jafarov - Trend:
The volume of lending to the energy, chemistry and natural resources sector in Azerbaijan amounted to 768.1 million manat ($451.8 million) from January February 2021, Trend reports citing data of the Central Bank of Azerbaijan (CBA).
As the CBA noted, the given figure has increased by 22.7 percent, or 141.9 million manat ($83.4 million) more compared over the year.
“At the same time, 9.3 million manat ($5.47 million), or 1.2 percent, fell on short-term loans. Of these, about 1.1 million manat ($647,000) were issued in national currency, 8.2 million manat ($4.82 million) - in foreign currency,” the bank data said.
Long-term loans amounted to 481.1 million manat ($283 million), or 98.8 percent. Loans in the national currency were issued in the amount of 600,000 manat (nearly $353,000), and the share of foreign currency amounted to 480.5 million manat ($282 million).
“In the first 2 months of 2021, the main share of all lending operations carried out in the energy, chemistry and natural resources sector fell on foreign currency, amounting to 488.7 million manat ($287.4 million) of the total lending to this sector,” said the CBA.
Meanwhile, the share of lending to this sector in lending to the real sector amounted to 5.3 percent, an annual increase of 1.3 percentage points.
Totally, the volume of lending to the real sector by late February 2021 amounted to 14.6 billion manat ($8.58 billion).
(1 USD = 1.7 AZN on Apr.13)
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