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Finance

84% of loans allocated in Azerbaijan fall to share of Baku - ANALYSIS

84% of loans allocated in Azerbaijan fall to share of Baku - <span style="color: red;">ANALYSIS

12 October 2015 12:36 (UTC +04:00)

According to Central Bank of Azerbaijan, the second place was held by Aran economic region with the allocation of loans AZN 841,875,200 or 4.19% of total provision of crediting.

AZN 735,995,800 or 3.66% of loans was provided to Ganja-Qazakh economic region, AZN 645,052,600 or 3.21% to Absheron, AZN 65,559,800 to Yukhari-Karabakh and AZN 6,248,800 to Kalbajar-Lachin.

The highest interest rates on the loans were recorded in Lankaran (24%). The lowest interest rates in the country were recorded in Baku (12.2%). The lowest interest rates among the economic regions were recorded in Nakhchivan (13.8%).

Average interest rates of credits in the regions

Regions	Total (AZN)	Average interest rate
Azerbaijan:	20,095,838,200	13.6%
Baku	16,783,603,600	12.2%
Lankaran economic region	285,779,900	24.0%
Aran economic region	841,875,200	22.8%
Daglig-Shirvan economic region	115,276,900	22.8%
Shaki-Zaqatala economic region	216,604,500	21.8%
Quba-Khachmaz economic region	260,075,700	20.5%
Yukhari-Karabakh economic region	65,559,800	19.6%
Ganja-Qazakh economic region	735,995,800	19.3%
Absheron economic region	645,052,600	19.0%
Kalbajar-Lachin economic region	6,248,800	17.1%
Nakhchivan economic region	139,765,400	13.8%