Baku, Azerbaijan, Oct. 22
By Anvar Mammadov - Trend:
The International Bank of Azerbaijan has reduced the interest rates on deposits since October 1, the bank said.
According to the statement, the new interest rates ranging from 2 to 6.75 percent depending on the placement period, currency and frequency of interest payments.
Deposit term |
In manat |
In dollars |
||
Interest payment |
monthly interest payment |
annual interest payment |
monthly interest payment |
annual interest payment |
120 months |
6.5% |
6.75% |
5.5% |
5.75% |
84 months |
6.0% |
6.25% |
5.0% |
5.25% |
60 months |
5.5% |
5.75% |
4.5% |
4.75% |
48 months |
5.0% |
5.25% |
4.0% |
4.25% |
36 months |
4.5% |
4.75% |
3.5% |
3.75% |
24 months |
4.0% |
4.25% |
3.0% |
3.25% |
18 months |
3.5% |
3.75% |
2.5% |
2.75% |
12 months |
3.0% |
3.25% |
2.0% |
2.25% |
IBA was founded in 1992. It is the largest bank of Azerbaijan. Currently, a 51.07 percent stake in the capital of the bank is owned by the state, 48.93 percent - by private shareholders.
Edited by CN
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