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Average rate on bank lending decreases in Azerbaijan in May

Business Materials 23 July 2011 14:52

Azerbaijan, Baku, July 23 / Trend, N.Ismayilova /

As of June 1 the average rate on bank lending of Azerbaijani economy in national currency amounted to 16.5 percent compared to 16.54 percent as of May 1, 15.88 percent as of June 1, 2010, the Central Bank said.

The average rate on bank lending in hard currency was 16.48 percent compared to 16.55 percent and 17.12 percent respectively.

In June the average rate on bank lending of legal entities in national currency amounted to 14.47 percent compared to 14.61 percent compared to May 1, 2011, 14.14 percent compared to June 1, 2010. The average rate on bank lending of corporate clients in hard currency was 13.44 percent compared to 13.24 percent as of May 1, 2011, 14.69 percent compared to June 1, 2010.

During the reporting period, the average rate on bank lending of physical entities in national currency amounted to 19.86 percent compared to 19.76 percent as of May 1, 2011 and 20.1 percent compared to June 1, 2010. The average rate on bank lending of individual clients in hard currency was 23.77 percent compared to 23.9 percent and 23.09 percent respectively.

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