Households by May 1, took personal loans amounting to almost 5 billion manats

Local banks and non-bank credit organizations have invested in Azerbaijan's economy as of May 1, loans amounting to 13 billion 522.1 million manat (+6.3% YTD).

According to the Central Bank (CBA), the volume of overdue credit investments totaled 754.7 million AZN or 5.6% of total loans (+0.8%).

Government-owned banks credited 4 billion 445.3 million AZN or 32.9% of total loans (+7.4%), private banks - 8 billion 723.1 million AZN or 64.5% of total loans (+5.6%). Banks with 100% foreign capital received loans worth 836.3 million manat (+10.1%) and non-bank credit organizations received AZN 353.7 million (+10.1%).

Loans in manats amounted to 9 billion 207 million manats (+8%) in foreign currency - 4 billion 315.1 million manat (2.8%).

The leader in the structure of credit investments are households that took more than a third (36.3%) of funds or 4 billion 913.7 million manat. The share of trade and services was 2 billion 110.1 million manat (15.6% of total loans) for energy, chemistry, and natural resources - 401.2 million manat (3%), agriculture and processing - 602.1 mln (4.5%), construction and real estate - 1 billion 970.2 million manat (14.6%). Industry and manufacturing sector were 1 billion 231.4 million manat (9.1%), transport and communications - 829.7 million manat (6.1%), the remaining funds allocated to other sectors of the economy. - 17D-