Interest rate in Baku dropped to 14.6% from 15.7%. However, interest rates reduced in Baku, Absheron, Ganja-Gazakh, Guba-Khachmaz and Lankaran. In return of, the interest rates rose in Aran, Mountainous Shirvan, shaki-Zaqatala, Kalbaja-Lachin and Nakhchivan. CBA says the lowest interest loans are given in Nakhchivan (12.5%) and the highest – in Lankaran (24.4%).
Annual interest rates on loans
Regions |
January-November, 2011 |
January-November, 2012 |
Azerbaijan |
16.3% |
15.4% |
Baku |
15.7% |
14.6% |
Absheron |
18.8% |
17.9% |
Aran |
21.9% |
22.2% |
Mountainous Shirvan |
19.5% |
22.1% |
Ganja-Gazakh |
21.4% |
20.7% |
Guba-Khachmaz |
21.5% |
19.5% |
Lankaran |
24.6% |
24.4% |
Shaki-Zaqatala |
21.5% |
23.7% |
Upper Karabakh |
19.6% |
22.0% |
Kalbajar-Lachin |
17.2% |
17.9% |
Nakhchivan |
11.7% |
12.5% |
12,5%