OREANDA-NEWS. September 21, 2011. The Central Bank of Azerbaijan, running payment balance statistics, has reported that in the first half of 2011 raising of external loans (excluding other kinds of investments) in country’s economy exceeded repayment of earlier-received loans by 1.69 times.

In the first quarter of 2011 raising of external loans 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 July 2011 Azerbaijani borrowers repaid USD 1.18 bn on previously-raised loans versus USD 199.9 million as of 1 April.

At that, 50% of payments (USD 590.8 million versus USD 116.4 million a quarter earlier) fell on the share of banks, 10.5% (USD 124.1 million against USD 36.4 million) on loans raised by the government and under state guarantees, 24.4% (USD 288 million versus USD 4.6 million) on oil and gas sector, 15.1% (USD 179.2 million versus USD 42.5million) on other companies and businesses.

In the first half of 2011 net attraction of loans totaled USD 2 bn (including USD 402.6 million in oil and gas sector) versus USD 884.9 million a quarter earlier.

Overall flow of foreign capital in the country for the past half-year of 2011 reached USD 4 bn versus USD 1.7 bn respectively, including direct investments for USD 2 bn (USD 819.9 million), including USD 1.58 bn (USD 696.2 million) in oil and gas sector.