BAKU, Azerbaijan, August 4. The largest amount of loans issued in Azerbaijan as of April 1, 2023, fell on households (57.2 percent of total lending), Trend reports.
According to the Central Bank of Azerbaijan (CBA), in the reporting period, loans granted to households grew by 2.7 billion manat ($1.6 billion), or 26.72 percent year on year, from 9.9 billion manat ($5.8 billion) to 12.6 billion manat ($7.4 billion).
Meanwhile, lending to trade and services increased by 296.2 million manat ($174.2 million) or 9.4 percent in a year, reaching 3.4 billion manat ($2 billion) against 3.15 billion manat ($1.81 billion). The share of the field of trade and services in the total volume of lending amounted to 15.7 percent.
The loan portfolio distribution by economic sectors:
|
Economic sector: |
Loan volume (March 2023) |
Loan volume (March 2022) |
Share (percent), March 2023 |
Share (percent), March 2022 |
|
Trade and services |
3.4 billion manat ($2 billion) |
3.1 billion manat ($1.8 billion) |
15.7 |
16.7 |
|
Energy, chemistry, and natural resources |
711.1 million manat ($418.3 million) |
696 million manat ($409.4 million) |
3.2 |
3.7 |
|
Agriculture and processing |
538.6 million manat ($316.8 million) |
597.3 million manat ($351.4 million) |
2.5 |
3.2 |
|
Construction and property |
1.15 billion manat ($676.5 million) |
1.18 billion manat ($694.1 million) |
5.3 |
5.3 |
|
Industry and manufacturing sector |
1.08 billion manat ($635.3 million) |
991.1 million manat ($538 million) |
4.9 |
5.3 |
|
Transport and communication |
1.09 billion manat ($641.1 million) |
773.9 million manat ($455.2 million) |
5 |
4.1 |
|
Households |
12.6 billion manat ($7.4 billion) |
9.9 billion manat ($5.8 billion) |
57.2 |
57.2 |