The volume of loans issued in Nakhchivan for 6 months


July 27, Fineko/abc. az. In the first half of 2021, banks and credit organizations of the Nakhchivan Autonomous Republic issued loans to legal entities and individuals in the amount of 107 million 739 thousand manats.

As reported by ABC.AZ, this is 26.2 percent more than a year earlier.

Of the loans issued, 13 million 703 thousand manats or 12.7 percent were short – term, 94 million 37 thousand manats or 87.3 percent were long-term.

The Nakhchivan Autonomous Republic, in comparison with other economic regions of the country, has the lowest average interest rate on loans issued in the banking sector, which is one of the serious factors for the development of the private sector.