Azerbaijan, Baku, August 28 / Trend N. Ismayilova /
As of Aug.1, the average rate on bank credit to the economy of Azerbaijan in national currency amounted to 15.93 percent compared to 16.06 percent July 1, 15.34 percent Aug 1, 2009, the Central Bank of Azerbaijan (CBA) said.
As of Aug.1, the average rate on bank lending in hard currency was 17.53 percent compared to 17.12 percent as of July 1 and 16.39 percent as of Aug.1.
In early August, the average rate on bank lending of a legal entity in national currency amounted to 14.37 percent compared to 14.46 percent July 1, 12.74 percent Aug.1, 2009. The average rate on bank loans to corporate clients in hard currency was 14.70 percent compared to 14.53 percent as of July 1, 13.79 percent Aug. 1, 2009.
During the reported period, the average rate on bank lending of an individual entity in national currency amounted to 19.61 percent compared to 19.91 percent July 1 and 20.83 percent Aug. 1, 2009. The average rate on bank loans for individual clients in hard currency was 23.26 percent compared to 23.17 percent and 22.19 percent respectively.