BAKU, Azerbaijan, November 27. The volume of loans issued in the capital and regions of Azerbaijan increased by 4.6 billion manat ($2.7 billion) or 20.57 percent as of October 31 this year compared to the same period of 2023, amounting to 27.08 billion manat ($15.9 billion).
The data obtained by Trend from the country's Central Bank (CBA) shows that loans worth 20.8 billion manat ($12.2 billion) were issued in Baku during the mentioned period, which is 3.31 times higher than the total volume of loans issued in all regions of the country.
Loans in national currency in Baku accounted for 16.4 billion manat ($9.6 billion) (78.85 percent of the total volume of lending in Baku).
The average annual interest rate in the country amounted to 13.04 percent, and in Baku it was 11.68 percent.
Table of credit distribution (as of October 31, 2024):
| Volume of lending (in manat) | Average interest rate (percent) | Share of total deposits (percent) | |
| Azerbaijan | 27.08 billion manat ($15.9 billion) | 13,04 | 100,00 |
| Baku | 20.8 billion manat ($12.2 billion) | 11,68 | 76,84 |
| Economic regions incl. : | 6.2 billion manat ($3.6 billion) | 23,16 | |
| Nakhchiva | 416.5 million manat ($245 million) | 14,39 | 1,54 |
| Absheron-Khizi | 1.01 billion manat ($594 million) | 16,00 | 3,74 |
| Mountainous Shirvan | 182.1 million manat ($107.1 million) | 19,21 | 0,67 |
| Ganja-Dashkesan | 802.9 million manat ($472.2 million) | 17,08 | 2,97 |
| Karabakh | 480.5 million manat ($282.6 million) | 18,89 | 1,77 |
| Gazakh-Tovuz | 509.09 million manat ($299.4 million) | 18,44 | 1,88 |
| Guba-Khachmaz | 454.1 million manat ($267.1 million) | 17,30 | 1,68 |
| Lankaran-Astara | 628.6 million manat ($369.7 million) | 19,01 | 2,32 |
| Central-Aran | 536.5 million manat ($315.5 million) | 18,65 | 1,98 |
| Mil-Mughan | 288.4 million manat ($169.6 million) | 18,83 | 1,07 |
| Shaki-Zagatala | 533.8 million manat ($314 million) | 16,57 | 1,97 |
| East Zangezur | - | - | - |
| Shirvan-Salyan | 427.3 million manat ($251.3 million) | 18,73 | 1,58 |
