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 |