Long-term national currency loans rise sharply in Uzbekistan
Baku, Azerbaijan, February 28
By Fakhri Vakilov - Trend:
The weighted average bank interest rates on loans in national currency in Uzbekistan increased over January 2019 by 0.8 percentage points (pp) or 3.7 percent and amounted to 21.8 percent per annum by the end of the month, Trend reports via Uzbek media.
In particular, the weighted average interest rates on short-term loans in the national currency increased by 0.1 percentage points or by 0.4 percent to 22.5 percent per annum, by long-term ones - by 1.1 percentage points or by 5.1 percent to 22.6 percent per annum.
In January-December 2018, the weighted average bank interest rates on loans in national currency increased in Uzbekistan by 1.5 percentage points or by 7.4 percent to 21.8 percent per annum, including for short-term loans - by 2.6 percentage points or by 13.1 percent to 22.4 percent per annum, by long-term ones - by 1.1 percentage points or 5.4 percent to 21.5 percent per annum.
The aggregate loan portfolio of Uzbek commercial banks increased in January-December 2018 by 51.4 percent to 167.39 trillion soums, including in national currency by 77 percent to 73.86 trillion soums.
Earlier it was reported that in January 2019, the weighted average bank interest rates on loans in foreign currency increased by 0.3 percentage points in Uzbekistan or by 4.9 percent to 6.4 percent per annum, including for short-term loans - decreased by 0.3 percentage points or by 3.8 percent to 7.5 percent per annum, long-term - increased by 0.4 percentage points or 6.8 percent to 6.3 percent per annum.
($1- 8419.20 soums on Feb. 28)
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