Average rate on bank lending decreases
Azerbaijan, Baku, Oct. 4 / Trend N. Ismayilova /
As of Sept.1 the average rate on bank credit of Azerbaijani economy in national currency amounted to 15.85 percent compared to 14.86 percent Aug. 1, 15.34 percent Sept 1, 2009, the Central Bank said.
The average rate on bank lending in hard currency was 17.39 percent compared to 17.53 percent and 15.48 percent respectively.
At the beginning of Sept. the average interest rate on bank lending entity in national currency amounted to 14.29 percent compared to 14.37 percent Aug. 1, 12.48 percent Sept. 1, 2009. The average rate on bank loans to corporate clients in hard currency was 14.75 percent compared to 14.70 percent Aug. 1, 12.71 percent Sept.1, 2009.
During the reporting period, the average rate on bank lending to a physical entity in national currency amounted to 19.49 percent compared to 19.61 percent Aug. 1 and 20.68 percent Sept.1, 2009. The average rate on bank loans for individual clients in hard currency was 22.93 percent compared to 23.26 percent and 22.76 percent respectively.