Azerbaijan, Baku, June 6 / Trend , N.Ismaylova /
As of 1 May 2009 the average rate on bank lending to the economy in national currency made up 16.25 percent compared to 17.42 percent as of 1 April, 17.45 percent as of 1 January 2009 and 17.89 percent as of 1 May 2008, the Central Bank of Azerbaijan said.
The figure is 1.64 percent less compared with January-April last year. The average rate on bank lending in hard currency made up 16.98 percent compared to 18.51 percent as of 1 April, 14.52 percent as of 1 January 2009 and 16.61 percent as of 1 May 2008, an increase of 0.37 percent compared to January-April 2008.
As of 1 May, the average rate on bank lending to legal entities in national currency amounted to 13.43 percent compared to 14.8 percent as of 1 April, 14.87 percent as of 1 January 2009 and 16.01 percent as of 1 May 2008. The average rate on bank credits to corporate clients in hard currency equaled 15.05 percent compared to 16.61 percent as of 1 April, 12.37 percent as of 1 January 2009 and 14.37 percent as of 1 May 2008.
As of May 1, the average rate on bank loans to physical entities in national currency amounted to 21.06 percent compared to 21.65 percent as of 1 April, 21.53 percent as of 1 January 2009 and 20.96 percent as of 1 May 2008. The average rate on bank loans to individual clients in hard currency was 20.27 percent compared to 22.26 percent, 21.52 percent and 20.89 percent respectively.
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