Baku, Azerbaijan, Dec. 15
By Azad Hasanli – Trend:
Average interest rates on bank loans increased in national and foreign currencies in Azerbaijan in October 2017 compared to the same period last year, the report of the country’s Central Bank (CBA) said.
The rates on manat loans increased for both individuals and legal entities, according to the report. Meanwhile, the rates on foreign currency loans increased for individuals and decreased for legal entities.
Comparative table of interest rates on loans in national and foreign currencies:
|
Average interest rates |
Rates on loans for individuals |
Rates on loans for legal entities |
|
|
October 2016 |
|||
|
Manat loans |
12.24 |
8.33 |
16.2 |
|
Foreign currency loans |
9.63 |
5.74 |
18.45 |
|
September 2017 |
|||
|
Manat loans |
13 |
8.98 |
16.1 |
|
Foreign currency loans |
10.29 |
7.2 |
16.16 |
|
October 2017 |
|||
|
Manat loans |
13.14 |
8.99 |
16.3 |
|
Foreign currency loans |
10.53 |
7.23 |
17.34 |