Baku, Azerbaijan, Jan. 18
By Azad Hasanli – Trend:
Average interest rates on bank loans decreased in national and foreign currencies in Azerbaijan in November 2017 compared to October 2017, the report of the country’s Central Bank (CBA) said.
The rates on manat loans increased for both individuals but decreased for legal entities, according to the report. Meanwhile, the rates on foreign currency loans increased for both individuals and 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 |
|
November 2016 |
|||
Manat loans |
12.18 |
8.36 |
16.07 |
Foreign currency loans |
9.16 |
5.71 |
17.3 |
October 2017 |
|||
Manat loans |
13.14 |
8.99 |
16.3 |
Foreign currency loans |
10.53 |
7.23 |
17.34 |
November 2017 |
|||
Manat loans |
13.09 |
8.82 |
16.38 |
Foreign currency loans |
10.37 |
7.15 |
17.22 |