BAKU, Azerbaijan, Dec. 27
By Nazrin Israfilova – Trend:
The volume of consumer loans issued by Azerbaijani banks increased from January through November 2021, Trend reports citing the Central Bank (CBA).
According to the CBA, this indicator amounted to 4.4 billion manat ($2.6 billion), up by 20.2 percent since the beginning of the year and by 17.9 percent compared to the first 11 months of 2020 (3.7 billion manat or $2.1 billion).
The loan portfolio of banks in Azerbaijan equaled 16.28 billion manat ($9.58 billion), including 9.52 billion manat ($5.6 billion) for business loans, and 2.35 billion manat ($1.38 billion) - mortgage loans.
(1 USD = 1.7 AZN on Dec. 27)
