BAKU, Azerbaijan, Sept.27
By Zeyni Jafarov - Trend:
Most (58 percent) of the loan portfolio of Azerbaijani banks fell on business loans from January through August 2021, which increased by 2 percent or 165 million manat over the year, from 8.64 billion to 8.8 billion manat ($5.08 billion-$5.17 billion), the Central Bank of Azerbaijan (CBA) told Trend.
“During the specified period, the total loan portfolio of Azerbaijani banks exceeded 15.2 billion manat ($8.94 billion), while a year earlier it was 14.3 billion manat ($8.41 billion). On annual basis, the total loan portfolio of banks increased by 6.3 percent, or 902.3 million manat ($530.7 million),” the CBA said.
"Another 27 percent or more than 4 billion manat ($2.35 billion) fell on consumer loans, and the remaining about 15 percent, or 2.26 billion manat ($1.33 billion) - on mortgages. Consumer loans increased by 10.6 percent, and mortgage loans - by 18 percent over the year,” said the message.
The total profit of the banking sector of Azerbaijan from January through August 2021 increased by 17.5 million manat ($10.3 billion), or 4 percent compared to the same period last year - from 437.7 million to 455.2 million manat ($257.4 million - $267.7 million).
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