Azerbaijan, Baku, Dec. 6 / Trend N. Ismayilova /
As of Nov. 1, the average rate on bank lending to the Azerbaijani economy in national currency amounted to 14.06 percent compared to 14.1 percent on Oct. 1, and 16.23 percent on Nov. 1, 2009, the Central Bank said.
The average rate on bank lending in foreign currency was 16.34 percent compared to 16.21 and 18.35 percent respectively.
In early November, the average rate on bank lending of a legal entity in national currency amounted to 11.73 percent compared to 11.77 percent by October 1, and 14,4 percent as of November 2009. The average rate on bank loans of a corporate customer in freely convertible currency was 13.22 percent compared to 13.16 percent on Oct. 1, and 16.06 percent as of November 2009.
During the reporting period, the average rate on bank lending of a physical entity in national currency amounted to 19.48 percent compared to 19.45 percent on October 1 and 20.73 percent as of November 2009. The average rate on bank credit of an individual client in freely convertible currency amounted to 22.92 percent compared to 23.01 and 23.93 percent respectively.