Azerbaijan, Baku, July 7 / Trend A. Hasanov /
As of June 1, the average rate on bank lending to Azerbaijani economy in national currency amounted to 15.99 percent compared to 16.05 percent as of May 1, 2012 and 16.5 percent as of June 1, 2011, the Azerbaijani Central Bank's statistics report said today.
The average rate on bank loans in freely convertible currency was 16.31 percent compared to 16.05 percent and 16.48 percent respectively.
As of June 1, the average rate on bank lending to legal entity in national currency amounted to 14.33 percent compared to 14.36 percent as of May 1, 2012 and 14.47 percent as of June 1, 2011. The average rate on corporate clients' bank loans in freely convertible currency was 13.8 percent compared to 13.56 percent and 13.44 percent respectively.
As of June 1, the average rate on bank lending to physical entities in national currency amounted to 18.47 percent compared to 18.57 percent as of May 1, 2012 and 19.86 percent as of June 1, 2011.
The average rate on bank credit for a individual client in freely convertible currency amounted to 22.15 percent compared to 21.98 percent and 23.77 percent respectively.