Baku, Azerbaijan, Nov. 19
By Anvar Mammadov – Trend:
The average interest rate on loans increased in national and foreign currencies in Azerbaijani banks in September 2017 compared to September 2016, the report of the Azerbaijani Central Bank (CBA) said.
According to the report, the average rate on loans in manats amounted to 13 percent in September 2017 compared to 12.42 percent in September 2016.
The average rate on loans in freely convertible currency amounted to 10.29 percent in September 2017 compared to 10.62 percent in August 2017 and 10.1 percent in September 2016, the report said.
According to the report, the legal entities received manat loans at an average rate of 8.98 percent in September 2017 compared to 9.02 percent in August 2017 and 8.3 percent in September 2016.
The average rate on bank lending to the corporate clients in foreign currency amounted to 7.2 percent in September 2017 compared to 7.51 percent in August 2017 and 6.08 percent in September 2016, the report said.
As of September 2017, the average rate on manat loans to the individuals amounted to 16.1 percent which is similar with August 2017 and 16.48 percent as of September 2016, the report said.
The average rate on bank lending to the individual customers in foreign currency was 16.16 percent compared to 16.25 percent and 18.59 percent accordingly, the report said.