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Average rates on interbank loans in manats down in Azerbaijan

Business Materials 18 January 2018 10:39 (UTC +04:00)

Baku, Azerbaijan, Jan. 18

By Azad Hasanli – Trend:

In November 2017, average interest rates on interbank loans in Azerbaijan decreased in national currency (manat), but increased in foreign currency, the Central Bank said in a report.

The average interest rates on loans in national currency amounted to 7.89 percent per annum, in foreign currency - 10.71 percent per annum.

Comparative table of interest rates on loans in national and foreign currencies:

Average interest rates

Up to 30 days

30-90 days

90-180 days

180-360 days

Over 1 year

November 2016

Manat loans

7.78

1.4

17.42

13.59

6.28

8.91

Foreign currency loans

5.44

4.22

16.54

10.41

5.7

4.71

October 2017

Manat loans

7.94

3

-

4.74

1.45

9.93

Foreign currency loans

10.22

0.55

-

10.38

5.44

11.99

November 2017

Manat loans

7.89

3

-

2.57

1.45

9.94

Foreign currency loans

10.71

0.43

-

9.77

4.53

11.99

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