Azerbaijan, Baku, October 8/Trend, E.Aliyev/
As of September 1, 2013, the Azerbaijani banks decreased the interest rate on loans in local and foreign currency compared to the same date of 2012, the statistical report of the Azerbaijani Central Bank (CBA) said.
According to the CBA, the average rate on bank lending to the Azerbaijani economy amounted to 14.26 per cent in national currency compared to 15.39 per cent as of September 1, 2012. The average rate on bank lending was 14.56 per cent in hard currency compared to 15.52 per cent in early September 2012.
As of September 1, 2013, the average rate on bank lending to legal entities amounted to 11.45 per cent in national currency compared to 13.31 per cent as of September 1, 2012. The average rate on bank loans to corporate clients was 10.89 per cent in freely convertible currency compared to 12.46 per cent in early September 2012.
As of September 1, 2013, the average rate on bank lending to individuals in national currency amounted to 18.21 per cent compared to 18.56 per cent as of September 1, 2012. The average rate on bank loans to individual customers in freely convertible currency was 21.2 per cent compared to 22.31 per cent in early September 2012.