Lending to regions increases in Azerbaijan

15 June 2019 11:38 (UTC+04:00)

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Bank loans to Azerbaijani regions stood at 12.67 billion manats in April 2019, which is about 7.3 percent more compared to the same period of 2018, Trend reports referring to the Central Bank of Azerbaijan (CBA).

According to CBA, loans worth 10.27 billion manats were issued in Baku by late March, which is 4.3 times more than in the regions. At the same time, loans in national currency in Baku amounted to almost 5.9 billion manats, or 57.6 percent of the total lending in Baku.

In April, the average annual interest rate on loans in Azerbaijan amounted to 11.8 percent, and to 9.9 percent in Baku.

Distribution of loans in regions of Azerbaijan as of May 1, 2019:

Economic regions	Lending (in 1,000 manats)	Average interest rate
Absheron	505,322	16.4
Aran	620,249	22.9
Mountainous Shirvan	62,301	23.5
Ganja-Gazakh	499,459	19.7
Guba-Khachmaz	179,247	20.4
Lankaran	221,991	22.2
Shaki-Zagatala	161,234	19.7
Upper Karabakh	54,288	24.3
Kalbajar-Lachin	0.0	0.0
Nakhchivan	103,795	10.3