Baku, Azerbaijan, May 13
By Azad Hasanli - Trend:
The Azerbaijani banks decreased interest rates on loans in local and foreign currency in March 2015, the report of the Central Bank of Azerbaijan (CBA) as of January 2015 said.
The average rate on bank lending to the economy of Azerbaijan in national currency amounted to 14.02 percent as of late March 2015 compared to 14.15 percent in February, 13.71 percent in January and 13.81 percent as of early 2015.
The average rate on bank lending in freely convertible currency made up 12.9 percent compared to 13.08 percent in February, 14.28 percent in January and 14.07 percent in early 2015.
The average rate on bank lending to legal entities in national currency amounted to 9.75 percent compared to 9.78 percent in February, 9.74 percent in January and 9.99 percent as of early 2015.
The average rate on bank lending to corporate clients in freely convertible currency amounted to 8.84 percent compared to 8.89 percent in February, 9.22 percent in January and 9.18 percent in early 2015.
As of March, the average rate on bank lending to physical entities in national currency amounted to 18.39 percent compared to 18.65 percent in February, 18.59 percent in January and 18.53 percent in early 2015.
The average rate on bank loans to individual customers in freely convertible currency was 21.42 percent compared to 21.75 percent in February, 22.27 percent in January and 21.52 percent in early 2015.
Edited by CN
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