Azerbaijan, Baku, Dec. 29 / Trend N.Ismayilova /
As of Dec.1, the average rate on bank lending to the economy of Azerbaijan in national currency amounted to 13.66 percent compared to 14.06 percent as of Nov. 1, 16.71 percent as of Dec. 1, 2009, the Central Bank of Azerbaijan reported
Average interest rate on bank lending in hard currency amounted to 16.43 percent compared to 16.34 percent and 16.71 percent, respectively.
As of early December, the average rate on bank lending to legal entities in national currency hit 11.25 percent compared to 11.73 percent as of Nov 1, 12.28 percent as of Dec. 1, 2009. The average rate on bank credits to corporate clients in hard currency was 13.28 percent compared to 13.22 percent as of Nov. 1, 14.01 percent as of Dec. 1, 2009.
In this period, the average rate on bank lending to individuals in national currency amounted to 19.28 percent compared to 19.48 percent as of Nov. 1 and 20.42 percent as of Dec.1, 2009. Average interest rate on bank credit to the individual clients in hard currency was 22.84 percent compared to 22.92 percent and 23.24 percent respectively.