Bank Of Baku

Loan for individuals cheapened in Azerbaijan

Loan for individuals cheapened in Azerbaijan
# 08 October 2010 15:00 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of September 1, 2010, the average interest rates on loans made 15.85% in manats, 17.39% in foreign currency. CBA says these indexes decreased by 0.07 percentage points and rose by 0.2 percentage points from the beginning of the year.

Note that the interest rate on loan for individuals decreased, for legal entities raised.

Thus, the interest rate on loan for individuals decreased by 1.05 percentage points to 19.49% in manat, by 0.34 percentage points to 22.93% in foreign currency. At the same time the interest rate on loan for legal entities rose by 0.15 percentage points to 14.29% in manat, by 0.1 percentage points to 14.75% in foreign currency.
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