Azerbaijan, Baku, Nov. 6 / Trend N.Ismayilova /
As of Oct.1, the average rate on bank credit to the Azerbaijani economy in national currency amounted to 14.1 percent compared to 15.85 percent as of Sept.1, 14.63 percent as of Oct.1, 2009, the Central Bank of Azerbaijan (CBA) said.
The average rate on bank lending in hard currency was 16.21 percent compared to 17.39 percent and 16.35 percent, respectively.
In early October, the average rate on bank lending of a legal entity in national currency amounted to 11.77 percent compared to 14.29 percent as of Sept.1, 12.15 percent as of Oct.1, 2009. The average rate on bank loans to corporate clients was 13.16 percent compared to 14.75 percent and 13.88 percent, respectively.
During the report period, the average rate on bank lending of an individual entity in national currency amounted to 19.45 percent compared to 19.49 percent as of Sept.1 and 20.57 percent as of Oct.1, 2009. The average rate on bank loans for individual clients was 22.93 percent compared to 23.01 percent and 22.25 percent, respectively.
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