[26]
№
Category
Indicators
Status
2011 2012 2013 2014 2015 2016
2.
Adults with
credit at
regulated
institution
# of
borrowers per
1,000 adults
167
214
269
315
342
n/a
28
3.
Formally banked
enterprises
% of SMEs
with an
account at a
formal
financial
institution
3.38
2.87
2.25
1.83
1.47
1.05
4.
Enterprises with
outstanding loan
or a line of credit
at a regulated
institution
% of SMEs
with
outstanding
loan or line of
credit
0.73
0.56
0.41
0.34
0.32 n/a
29
5.
Points of service
# of branches
per 100,000
of adults
9.4
9.1
9.6
10.2
10.1
7.6
Table 6. Financial inclusion in Azerbaijan based upon GPFI (G20 Basic Set)
indicators
30
.
Although the G20 Basic Set is surrounded with limited information frames,
it can be considered a useful tool to observe the status of financial inclusion in the
economy at first glance. Financial inclusion in our country is as follows on the
pack of extended G20 indicators:
28
Not available.
29
Due to lack of methodology identifying SMEs in Azerbaijan, enterprises and individual entrepreneurs are taken as
a whole. At the same time, due to lack of public data on outstanding loans, number of overall loans, including paid
ones are taken into estimation.
30
Estimations based upon the data of the Central Bank of the Republic of Azerbaijan
.
(
https://www.cbar.az/pages/publications-researches/statistic-bulletin/
)
[27]
№
Category
Indicators
2016
Usage of financial services and resources
1.
Formally banked
adults
% of adults with an account at a formal
financial institution
164
# of depositors per 1,000 adults or # of
deposit accounts per 1,000 adults
50.36
2.
Adults with credit
at regulated
institution
% of adults with at least 1 (one) loan
outstanding from a regulated financial
institution
33.7
31
# of borrowers per 1,000 adults
or # of
outstanding loans per 1,000 adults
342
32
3.
Adults with
insurance
# of insurance policy holders per 1,000
adults (segrageted by life and non-life
insurance)
n/a
4.
Cashless
transactions
# of retail cashless transactions per capita
0.16
5.
Mobile
transactional use
% of adults that use their mobile device
to make a payment
n/a
6.
High frequency of
account use
% of adults with high frequency use of
formal account
1.7
33
7.
Saving propensity
Saved at a financial institution in the past
year
5.03
8.
Remittances
% of adults receiving domestic and
international remittances
0.5
34
9.
Banked
enterprises
% of SMEs with an account at a formal
financial institution
1.05
# of SME deposit accounts/# of deposit
accounts
or
n/a
31
Estimations based upon indicators of 2015, since indicators of 2016 were not disclosed.
32
Estimations based upon indicators of 2015, since indicators of 2016 were not disclosed.
33
It is the indicator of the World Bank for 2014, since there is no internal public source on the relevant parameter.
34
The share of the population whose main income source in 2015 was remittances from abroad (source:
http://www.azstat.org/MESearch/details
)
[28]
# of SME depositors/# of depositors
10.
Enterprises with
outstanding loan
or line of credit at
regulated
institutions
% of SMEs with outstanding loan or line
of credit
0.32
35
# of SMEs with outstanding loans/ # of
outstanding loans
or
# of outstanding loans to SMEs/ # of
outstanding loans
0.32
36
Access to financial services and resources
11.
Points of service
# of branches per 100,000 adults
7.6
12.
# of ATMs per 100,000 adults
or
# of ATMs per 1,000 sq.km
36.2
28.3
13.
# of POS terminals per 100,000
inhabitants
955
14.
E-money accounts
# of e-money accounts for mobile
payments
5
37
15.
Interoperability of
Points of service
Interoperability of ATMs
1
Interoperability of POS terminals
1
Quality of financial services and resources
16.
Financial
knowledge
38
Financial knowledge score
498
39
17.
Financial behavior Emergency funding source
40
i.
44.2%
41
35
Estimations based upon indicators of 2015.
36
Estimations based upon indicators of 2015.
37
Authors identified through their researches, since no official statistic data are available (“kassam.az”,
“Portmanat”, “Expresspay”, “E-pul”, “EasyPay”)
38
Authors conducted a survey among 120 respondents of different age groups and activities to calculate indicators
16 and 17. The respondents included persons with higher and secondary education.
39
Indicates the number of correct answers to total 720 questions (120 respondents x 6 questions). According to the
relevant indicator, 69.2% of respondents answered correctly to simple financial questions about inflation, interest
rates, compound interest rates, money illusion, risk diversification and the main goal of insurance.
40
Under the G20 methodology, emergency funding means 10$ or 1/25 GDPPC. According to indicators of 2015,
GDPPC was $5558.7 in Azerbaijan, 1/25 of which makes 222.3. At the time of survey 1$=1.7022 AZN:
222.3*1.7022≈380. Accordingly, the emergency funding in the survey was AZN 380.
41
Here: i) from friends/relative; ii) work more; iii) sell assets; iv) savings; v) loan from savings club; vi) bank loan;
vii) would not be able to find any source.