Lending increases by 30% in Nakhchivan

From January through July this year, 165.6 million manats ($97.4 million) of loans were issued in the Nakhchivan Autonomous Republic of Azerbaijan, Report informs, citing the local Statistics Committee.

According to the committee, this figure is 30.1% higher than a year ago.

Of the loans issued, 13.6 million manats ($8 million) or 8.3% were short-term, 151.4 million ($89.06 million) or 91.7% were long-term.