Baku, Azerbaijan, Jan. 13
By Anvar Mammadov - Trend:
The average interest rate on loans issued by Azerbaijani banks decreased in national currency, while increased in foreign currency in November 2015, the Azerbaijani Central Bank's report as of Jan.-Nov. 2015 said.
The average rate on bank lending to the Azerbaijani economy in national currency amounted to 13.76 percent in November 2015 compared to 13.23 percent in October.
The average interest rate on loans hit 13.81 percent as of early 2015.
The average rate on bank lending in freely convertible currency made up 13.74 percent in November compared to 13.24 percent in the previous month.
The average rate was 14.07 percent in early 2015.
The average rate on bank lending to the legal entities in national currency amounted to 9.92 percent compared to 9 percent in October 2015 and 9.99 percent as of early 2015.
The average rate on bank lending to the corporate clients in freely convertible currency amounted to 9.99 in November compared to 9.05 percent and 9.18 percent accordingly.
As of November, the average rate on bank lending to physical entities in national currency amounted to 17.54 percent compared to 17.68 percent in October 2015, 18.53 percent in early 2015.
The average rate on bank loans to the individual customers in freely convertible currency was 21.26 percent compared to 21.45 percent and 21.52 percent in early 2015.
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