Finance

Home page

Finance

Cheapest loans are given in Nakhchivan

17 August 2012 12:44 (UTC +04:00)

Baku. Ali Ahmedov â€“ APA-Economics. 8.1% of loans are given in Baku. According to CBA, as of July 1, 2012, total loan portfolio in the country made AZN 10,834.810 mln and AZN 9,436.072 mln or 87.1% of these were given in Baku. Some regions has a share of below 3%.

CBA says the loan portfolio on Absheron economic region is AZN 321.225 mln (2.96%), Aran economic region â€“ AZN 315.886 mln (2.9%), Ganja-Gazakh â€“ AZN 300.038 mln (2.77%), Lankaran â€“ AZN 125.539 mln (1.15%), Guba-Khachmaz â€“ AZN 121.3 mln (1.12%), Shaki-Zagatala â€“ AZN 86.378 mln (0.8%), Nakhchivan â€“ AZN 77.812 mln (0.72%), Mountainous Shirvan â€“ AZN 34.227 mln (0.31%), Upper Karabakh â€“ AZN 14.126 mln (0.13%),Kalbajar-Lavhin economic zone â€“ AZN 2.208 mln (0.02%).

Average annual interest rate across the country makes 15.7%. The lowest credit
interests are in Nakhchivan (12%).