Azerbaijan, Baku, Jan.11 / Trend N. Ismayilova /
As of Dec.1, the average rate on bank lending to the economy of Azerbaijan in national currency amounted to 14.65 percent compared to 16.23 percent as of Nov.1, 17.45 percent as of January 1, the Central Bank of Azerbaijan reported
Average interest rate on bank lending in hard currency amounted to 16.71 percent compared to 18.35 percent as of Nov.1 and 14.52 percent as of Jan.1
As of Dec.1, the average rate on bank lending to legal entities in national currency hit 12.28 percent compared to 14.40 percent as of Nov.1, 14.87 percent as of Jan.1. The average rate on bank credits to corporate clients in hard currency was 14.01 percent compared to 16.06 percent as of Nov.1, 12.37 percent as of January 1.
In this period, the average rate on bank lending to individuals in national currency amounted to 20.42 percent compared to 20.73 percent as of Nov.1 and 21.53 percent as of Jan.1. Average interest rate on bank credit to the individual clients in hard currency was 23.24 percent compared to 23.93 percent and 21.52 percent respectively
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