Azerbaijan, Baku, Jul. 6 / trend Capital N.Ismayilova/
Azerbaijani Parabank will revise interest rates for credits and deposits, Treasury Department Director Elnur Agayev said
The bank revises its tariff policy every six months. So, interest rates for credits and deposits will be revised this month. Considering that the bank actively works with individuals, loan rates are likely reduce, Agayev said.
An average rate of bank loans is 26-27 percent a year with the maximum term of payment for 2 years. An average rate of bank deposit is 17-17.5 percent with the maximum term of 4 years, Agayev added.
As of June 30, the bank's loan portfolio made up 49 millions and deposit portfolio was 45 millions manats.
Official exchange rate is 0.8042 manat per US dollar on July 6.
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