Baku, Azerbaijan, July 17
By Azad Hasanli – Trend:
The average interest rates on deposits in Azerbaijani banks decreased in national currency and foreign currency in May 2017 compared to May 2016, the report of the Central Bank of Azerbaijan (CBA) said.
The average rate on manat loans amounted to 12.34 percent in May 2017 compared to 12.26 percent in April 2017 and 12.43 percent in May 2016.
The average rate on loans in foreign currency amounted to 8.88 percent in May 2017 compared to 8.43 percent in April 2017 and 10.19 percent in May 2016.
The legal entities received manat loans at an average rate of 8.91 percent in May 2017 compared to 8.75 percent in April 2017 and 8.28 percent in May 2016.
The average rate on bank lending to the corporate clients in foreign currency amounted to 5.92 percent in May 2017 compared to 5.49 percent in April 2017 and 5.73 percent in May 2016.
As of May 2017, the average rate on manat loans to the individuals amounted to 15.71 percent compared to 15.76 percent in April 2017 and 16.72 percent as of May 2016.
The average rate on bank lending to the individual customers in foreign currency was 16.08 percent compared to 16.4 percent and 19.3 percent accordingly.