Azerbaijan, Baku, May 13 / Trend /
By April 1, 2013, Azerbaijan's banks reduced interest rates on loans in national and foreign currency compared to the same day last year, a statistic report of the Central Bank of Azerbaijan (CBA) says.
According to the report, the average rate on bank lending to the economy of Azerbaijan in national currency amounted to 12.35 percent compared to 14.46 percent on April 1, 2012.
The average rate on bank lending in freely convertible currency amounted to 15.3 percent compared to 16.16 percent in early April last year.
By April 1 2013 the average rate on bank lending to legal entities in national currency amounted to 12.35 percent compared to 14.46 percent by April 1, 2012.
The average rate on bank loans to corporate clients in freely converted currency comprised 12.45 percent compared to 13.69 at the same date of 2012.
The average rate on bank lending to individuals in national currency amounted to 18.31 percent compared to 18.57 percent by April 1, 2012.
The average rate on bank loans to individual clients in freely converted currency constituted 21.6 percent compared to 22.07 percent by the same date last year.