OREANDA-NEWS. June 14, 2011. The Central Bank of Azerbaijan, running payment balance statistics, has reported that in the first quarter of 2011 raising of external loans (excluding other kinds of investments) in country’s economy exceeded repayment of earlier-received loans by 4.4 times against 1.5 fold repayment in 2010.

The CBA reports that as of 1 April 2011 Azerbaijani borrowers repaid USD 199.9 million on previously-raised loans.

At that, 58.2% of payments (USD 116.4 million) fell on the share of banks, 18.2% (USD 36.4 million) on loans raised by the government and under state guarantees, 2.3% (USD 4.6 million) on oil and gas sector, 21.3% (USD 42.5million) on other companies and businesses.

In the first quarter of 2011, net attraction of loans totaled USD 884.9 million and overall borrowing and indirect investments USD 1.704 bn. including direct investments for USD 819.9 million and USD 696.2 million in oil and gas sector.