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Interest rate on bank loans drops 3 percentage points in Azerbaijan

Interest rate on bank loans drops 3 percentage points in Azerbaijan

08 September 2009 15:48 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of August 1, an average interest rate on bank loans fell by 2.87 percentage points year-on-year, said the Central Bank of Azerbaijan.

According to the report, the average interest rate on national-currency loans for legal entities dropped by 3.21 percentage points while the drop was 0.55 percentage points for individuals.

	Average for loans		For legal entities		For individuals
	In manat	In foreign currency	In manat	In foreign currency	In manat	In foreign currency
01.08.2008	18.21	14.10	15.95	11.71	21.38	21.38
01.01.2009	17.45	14.52	14.87	12.37	21.53	21.52
01.08.2009	15.34	16.39	12.74	13.79	20.83	22.19

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