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Volume of loans issued in capital and regions of Azerbaijan disclosed

Finance Materials 4 August 2023 11:33 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 4. The volume of loans issued in the capital and regions of Azerbaijan increased by 2.9 billion manat or $1.7 billion (or 16.25 percent) as of June 30, 2023, amounting to 21.2 billion manat ($12.4 billion) compared to the same period in 2022, Trend reports.

According to the Central Bank of Azerbaijan (CBA), loans in the amount of 16.3 billion manat ($9.5 billion) were issued in Baku during the specified period, which is 3.27 times higher compared to the total volume of loans issued in all regions.

In Baku, loans in national currency accounted for 12.1 billion manat or $7.1 billion (74.74 percent of the total volume of loans in Baku).

The average annual interest rate in the country was 12.43 percent, in Baku - 10.85 percent.

Loan distribution table (as of June 30, 2023):

Lending volume

Average interest rate (%)

Share of total loans (%)

Azerbaijan

21.2 billion manat ($12.4 billion)

12.43

100

Baku

16.3 billion manat ($9.5 billion)

10.85

76.62

Economic regions, including:

4.9 billion manat ($2.8 billion)

23.38

Nakhchivan

368.8 million manat ($216.9 million)

13.27

1.73

Absheron-Khizi

801.3 million manat ($471.3 million)

15.97

3.76

Mountainous Shirvan

147.8 million manat (86.9 million)

19.64

0.69

Ganja-Dashkasan

647.1 million manat ($380.6 million)

16.91

3.04

Karabakh

370 million manat ($217.6 million)

19.55

1.74

Gazakh-Tovuz

393.7 million manat ($231.5 million)

18.45

1.85

Guba-Khachmaz

379.1 million manat ($222.9 million)

17.20

1.78

Lankaran-Astara

502.9 million manat ($295.8 million)

19.03

2.36

Central Aran

432.7 million manat ($254.5 million)

18.73

2.03

Mil-Mughan

226 million manat ($132.9 million)

19.70

1.06

Shaki-Zagatala

364.8 million manat ($214.5 million)

17.56

1.71

Eastern Zangazur

-

-

-

Shirvan-Salyan

344.3 million manat ($202.5 million)

19.04

1.62

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