As of May 1, 2022, the provision of crediting in Azerbaijan’s economy stood at 18.320 billion manats ($10.78 billion), up 1.7% from a month earlier, 7% from early 2022 and 22.2% from a year ago, Report informs, citing the Central Bank of Azerbaijan (CBA).
Some 14.243 billion manats (8.38 billion) or 77.7% of the provision of crediting fell to the share of private banks, which is 21.1% higher than 2021.
The provision of crediting by the state-owned banks amounted to 3.597 billion manats ($2.12 billion), showing a 26.3% compared to a year earlier. The proportion of the state-owned banks in the provision of crediting increased to 19.6% from 19%.
As of the end of April, the provision of crediting by the Non-Banking Credit Organizations (NBCO) made up 479.6 million manats ($282.12 million), 27.7% higher than in 2021. Share of the NBCOs in the provision of crediting rose to 2.5% from 2.4%.