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Loan and deposit interest rates difference widens in Azerbaijan

Loan and deposit interest rates difference widens in Azerbaijan

11 March 2009 15:41 (UTC +04:00)

Baku. Vugar Israfilov â€“ APA-Economics. The average interest rates on home-currency loans rose by 1.26% in January to 18.75% per annum in Azerbaijan.
The national Bank of Azerbaijan said average interest rates on loans for legal entities increased by 0.65% to 16.44% while average rate on loans for individuals rose by 1.59% to 21.53%.
At the same time, average interest rate on foreign-currency loans rose by 0.76% to 16.93%. The average rates for legal entities rose to 15.53% from 13.78% and for individuals to 21.69% from 21.22%.
The difference between national-currency loans and deposits increased to 7.18% this year from 6.10% early last year and the difference between foreign-currency loans and deposits widened to 8.73% from 4.02%.

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