BAKU, Azerbaijan, January 31. The volume of loans issued in the capital and regions of Azerbaijan increased by 4.2 billion manat ($2.4 billion) or 18.53 percent as of December 31, 2024, compared to the same period of 2023, amounting to 27.4 billion manat ($16.1 billion).
The data obtained by Trend from the country's Central Bank (CBA) shows that loans worth 21 billion manat ($12.3 billion) were issued in Baku during the mentioned period, which is 3.26 times higher than the total volume of loans issued in all regions of the country.
National currency-run loans in Baku accounted for 16.7 billion manat, or $9.8 billion (79.74 percent of the total volume of lending in Baku).
The average yearly interest rate in the country hit 13.19 percent, while in Baku, it stood at 11.85 percent.
Table of credit distribution (as of December 31, 2024):
| Volume of lending | Average interest rate, % | Share of total deposits, % | |
| Azerbaijan | 27.4 billion manat ($16.1 billion) | 13,19 percent | 100,00 percent |
| Baku | 21 billion manat ($12.3 billion) | 11,85 percent | 76,55 percent |
| Economic regions incl. : | 6.4 billion manat ($3.7 billion) | 23,45 percent | |
| Nakhchivan | 426.4 million manat ($250.8 million) | 14,31 percent | 1,55 percent |
| Absheron-Khizi | 1 billion manat ($588.3 million) | 15,88 percent | 3,93 percent |
| Mountainous Shirvan | 184.7 million manat ($108.6 million) | 19,25 percent | 0,67 percent |
| Ganja-Dashkasan | 816.6 million manat ($480.4 million) | 17,15 percent | 2,97 percent |
| Karabakh | 473.3 million manat ($278.4 million) | 19,02 percent | 1,72 percent |
| Gazakh-Tovuz | 521.8 million manat ($306.9 million) | 18,51 percent | 1,90 percent |
| Guba-Khachmaz | 465.8 million manat ($274 million) | 17,35 percent | 1,70 percent |
| Lankaran-Astara | 651.2 million manat ($383.1 million) | 18,98 percent | 2,37 percent |
| Central-Aran | 550.8 million manat ($324 million) | 18,65 percent | 2,00 percent |
| Mil-Mughan | 298.3 million manat ($175.5 million) | 18,92 percent | 1,09 percent |
| Shaki-Zagatala | 532.5 million manat ($313.2 million) | 16,91 percent | 1,94 percent |
| Eastern Zangezur | 9.51 million manat ($5.59 million) | 15,39 percent | 0,03 percent |
| Shirvan-Salyan | 429.9 million manat ($252.9 million) | 18,84 percent | 1,56 percent |
