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Average interest rates on loans decrease in Azerbaijan

Business Materials 18 January 2018 09:53 (UTC +04:00)

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

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