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10:21 24 October
10:14 24 October
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Interest rate on loans hike in Azerbaijan

Central Bank of Azerbaijan (CBA) has announced average interest rate on deposits and loans in August.

According to CBA, average interest rate on deposits and savings in manat made up 9.49%, in foreign currency – 3.57% in August, relevantly up 0.66% and down 0.08% compared to July. In general, average annual interest rate on deposits and savings in manat increased from 8.55% to 9.49%, in foreign currency dropped from 4.97% to 3.57%.

 

In August the average interest rate of manat deposits of legal entities stood at 4.84%, deposits in foreign currency at 2.78%. Average interest rate of manat deposits of individuals made up 11.72%, deposits in foreign currency 4.20%.   

 

Regarding interest rate on loans given in August made up 13% for manat, 10.62% for foreign currency, relevantly up 0.10% and 0.62% from July. In general, average annual interest rate on loans in manat increased from 12.28% to 13%, in foreign currency from 10.21% to 10.62%.

  

In August the average interest rate of loans given of legal entities in manat stood at 9.02%, deposits in foreign currency at 7.51%. Average interest rate of loans for individuals in manat made up 16.10%, loans in foreign currency 16.25%.   

 

 

 

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+2
EXCHANGE RATE
FOREX
/ 24 October, 2017

USD
1.7001
 
EUR
1.9997
 
RR
0.0296