Baku, Azerbaijan, April 14
By Azad Hasanli – Trend:
The average interest rate on deposits decreased in national and foreign currencies in Azerbaijani banks in February 2017 compared to February 2016, the report of the Azerbaijani Central Bank (CBA) said.
According to the report, the average rate on deposits in manat amounted to 12.42 percent in February 2017 compared to 12.28 percent in January 2017 and 13.17 percent in February 2016.
The average rate on loans in foreign currency amounted to 8.81 percent in February 2017 compared to 8.9 percent in January 2017 and 12.34 percent in February 2016, the report said.
According to the report, the legal entities received manat loans at an average rate of 8.86 percent in February 2017 compared to 8.8 percent in January 2017 and 9.18 percent in February 2016.
The average rate on bank lending to the corporate clients in foreign currency amounted to 5.64 percent in February 2017 compared to 5.7 percent in January 2017 and 8.86 percent in February 2016, the report said.
As of February 2017, the average rate on manat loans to the individuals amounted to 16.00 percent compared to 15.79 percent in January 2016 and 17.24 percent as of February 2016, the report said.
The average rate on bank lending to the individual customers in foreign currency was 16.85 percent compared to 16.95 percent and 20.19 percent accordingly, the report said.