Loan investments in Azeri economy grew 64%

The National Bank of Azerbaijan told the APA that AZN 170.5mln (49.5%) of the credits were invested in national currency and AZN 1 192.2mln (50.5%) in foreign currencies.

State banks had a share of 45.2% (AZN 1 068.3mln) in the loan investments, private banks 52.1% (1 229.7mln) and nonblank credit organizations 2.7% (AZN 64.7mln).

AZN 647.2mln was invested in trade and service sector, AZN 778mln (32.9%) in household economy, AZN 214.9mln (9.1%) in transport and communications sector, AZN 192.6mln (8.2%) in industry and production sector, AZN 136.5mln (5.8%) in agriculture and processing, AZN 92.2mln (3.9%) in energy, chemical and natural resources sector and AZN 152.5mln (6.5%) in construction and property sector.

Loans worth AZN 18.2mln (0.8%) were lent to government bodies and AZN 1.2mln (0.1%) to public organizations.

The Finance sector shared AZN 47.1mln of the loan investments, other sectors AZN 10.4mln.