Azerbaijan, Baku, August 5 / Trend N. Ismayilova /
On July 1 the average rate on bank credit to the economy of Azerbaijan in national currency amounted to 16.06 percent compared to 15.88 percent June 1, 17.12 percent July 1, 2009, the Central Bank of Azerbaijan (CBA) said.
The average rate on bank lending in hard currency was 17.12 percent compared to 17.12 percent and 17.59 percent respectively.
In early July, the average rate on bank lending of a legal entity in national currency amounted to 14.46 percent compared to 14.14 percent June 1, 14.80 percent July 1, 2009. The average rate on bank loans to corporate clients was 14.53 percent compared to 14.69 percent June 1, 15.01 percent July 1, 2009.
During the reporting period, the average rate on bank lending of an individual entity in national currency amounted to 19.91 percent compared to 20.10 percent June 1 and 21.19 percent July 1, 2009. The average rate on bank loans for individual clients was 23.17 percent compared to 23.09 percent and 22.67 percent respectively.