Baku. Vahab Rzayev – APA-Economics. As of October 1, 2010, average interest rate on given credits by banks made annual 14.10% in manat, 16.21% in foreign currency, up 1.82 percentage point and 0.98 percentage point from early 2010.
These indexes increased by 1.75 percentage point in manat, 1.18 percentage point in foreign currency, in September.
Note that, cheapening of credits in Azerbaijan was observed on both individuals and legal entities. Thus, the interest rates of credit given to individuals decreased by 1.09 percentage point to 19.45% in manat, 0.26 percentage point to 23.01% in foreign currency. At the same time, this index on legal entities slipped 2.37 percentage point to 11.77%, 1.49 percentage point to 13.16% in foreign currency.
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Finance
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