BAKU, Azerbaijan, Apr.26
By Zeyni Jafarov - Trend:
The volume of problem loans in Azerbaijan made up 918.2 million manat ($540.1 million), decreasing by 468.6 million manat ($275.6 million) or 33.8 percent as of early April 2021 compared to the same period of 2020, Trend reports referring to the statistical bulletin of the Central Bank of Azerbaijan (CBA).
According to the CBA, the total volume of the loan portfolio of the banking sector and non-bank credit organizations (NBCO) decreased by 5.8 percent over the year, amounting to over 14.7 billion manat ($8.6 billion).
The share of state-owned banks in issued loans amounted to 2.83 billion manat ($1.66 billion) or 19.2 percent of the total portfolio, private banks - 11.53 billion manat ($6.78 billion) or 79.3 percent, NBCOs – 375.7 million manat ($221 million) or 2.4 percent.
The volume of loans issued in national currency by early March 2021 exceeded 10.5 billion manat ($6.18 billion, an increase of 1.3 percent compared to early April 2020), and their share in the loan portfolio of banks was 71.8 percent.
As reported, loans worth 4.15 billion manat ($2.44 billion, decline of 20 percent year on year) were issued in foreign currency during the reporting period,, with a specific weight of 28.2 percent of the banks' loan portfolio.
The volume of short-term loans in Azerbaijan amounted to 1.9 billion manat ($1.12 billion) in national and 680.8 million manat ($400.4 million) in foreign currency, while the volume of long-term loans in national and foreign currency amounted to 8.68 billion manat ($5.11) and 3.47 billion manat ($2.04 billion), respectively.
(1 USD = 1.7 AZN on Apr.26)
---
Follow the author on Twitter: @jafarov_zeyni
