Azerbaijan, Baku, Aug. 19 / Trend N.Ismayilova /
As of July 1, the average rate on bank lending to the Azerbaijani economy in national currency amounted to 16.39 percent compared to 16.5 percent as of June 1, 2010, and16.06 percent as of July 1, 2010, the Central Bank of Azerbaijan (CBA) reported.
Average interest rate on bank lending in hard currency amounted to 16.68 percent compared to 16.48 percent and 17.12 percent, respectively.
As of early July, the average rate on bank lending to legal entities in national currency hit 14.43 percent compared to 14.47 percent as of June 1, 14.46 percent as of July 1, 2010. The average rate on bank credits to corporate clients in hard currency was 13.58 percent compared to 13.44 percent and 14.53 percent, respectively.
During this period, the average rate on bank lending to physical entities in national currency amounted to 19.61 percent compared to 19.86 percent as of June 1, 2011 and 19.91 percent as of July1, 2010.
Average interest rate on bank credit to the individual clients in hard currency was 23.54 percent compared to 23.77 percent and 23.17 percent respectively.