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Average rate on bank lending decreases in March

Business Materials 4 May 2011 10:20

Azerbaijan, Baku, May 4 / Trend, N.Ismayilova /

As of April 1 the average rate on bank lending of Azerbaijani economy in national currency amounted to 16.41 percent compared to 16.43 percent as of March 1, 13.99 percent as of April 1, 2010, the Central Bank said.

The average rate on bank lending in hard currency was 16.37 percent compared to 16.89 percent and 15.4 percent respectively.

As of early April the average rate on bank lending of legal entities in national currency amounted to 14.4 percent compared to 14.46 percent compared to March 1 2011, 11.60 percent compared to April 1, 2010. The average rate on bank lending of corporate clients in hard currency was 13.29 percent compared to 13.71 percent as of March 1 2011, 12.55 percent compared to April 1, 2010.

During the reporting period, the average rate on bank lending of physical entities in national currency amounted to 19.75 percent compared to 19.67 percent as of March 1, 2011 and 19.93 percent compared to April 2010. The average rate on bank lending of individual clients in hard currency was 23.42 percent compared to 23.8 percent and 22.09 percent respectively.

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