Interest rate on loans hike in Azerbaijan

Interest rate on loans hike in Azerbaijan
  • Clock-gray 10:24
  • calendar-gray 10 October 2017

According to CBA, average interest rate on deposits and savings in manat made up 9.49%, in foreign currency – 3.57% in August, relevantly up 0.66% and down 0.08% compared to July. In general, average annual interest rate on deposits and savings in manat increased from 8.55% to 9.49%, in foreign currency dropped from 4.97% to 3.57%.

 

In August the average interest rate of manat deposits of legal entities stood at 4.84%, deposits in foreign currency at 2.78%. Average interest rate of manat deposits of individuals made up 11.72%, deposits in foreign currency 4.20%.   

 

Regarding interest rate on loans given in August made up 13% for manat, 10.62% for foreign currency, relevantly up 0.10% and 0.62% from July. In general, average annual interest rate on loans in manat increased from 12.28% to 13%, in foreign currency from 10.21% to 10.62%.

  

In August the average interest rate of loans given of legal entities in manat stood at 9.02%, deposits in foreign currency at 7.51%. Average interest rate of loans for individuals in manat made up 16.10%, loans in foreign currency 16.25%.   

 

 

 

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