The Average Lending Rate in the Regions Much Higher than in Baku

Lending in Baku totaled 87.8% of the total bank borrowings of the country's population.

According to the Central Bank of Azerbaijan, by April 1 of this year, total lending portfolio of the capital was 11 billion 369 million 952.3 thousand manats, an increase from the beginning of the year by 1.7%. Of these 7 billion 504 million 120.9 thousand issued in manats, the remaining 3 billion 865 million 831.4 thousand manat - in foreign currency. The average annual rate on capital loans was 14.3% (AZN - 14.2%, in foreign currency - 14.4%).

In the regions, this figure is much higher. Thus, commercial banks lent to Absheron economic region for needs of businesses and individuals at 18.4% per annum in the amount of 359 million 626.3 thousand manats. In other regions, the situation is even worse - in Aran banks lent 536 million 384.3 thousand manats at 20.5%, in the Ganja-Gazakh region - 210 million 535.1 thousand manats at 21.8%, and in Lankaran - 166 mln 635.6 thousand manats at 24%.

Officially voiced NPLs in Baku on April 1 were 5.7% (646 million 754.5 thousand manats).

Long-term loans due to the lower rates, larger volume and time advantage, popular short-term loans - a demand for it in the capital amounted to 8 billion 335 million 569.4 thousand manats (+7.3% YTD), the other AZN 3 billion 34 mln 382.9 thsd (-10.9%) fell on the share of short-term loans. - 17D-