Average interest rates on loans in manat and foreign currencies decline in November

Baku. 5 January. REPORT.AZ/ Average interest rate on deposits in manat made up 9.19%, in foreign currency – 2.33% in November, Report informs citing Central Bank of Azerbaijan. Compared to October, the interest rates on deposit in manat decreased by 4.47%, in foreign currency – increased by 3.4%.

Legal entities’ manat deposits were involved with 4.21%, foreign currency deposits – with 1.5% in November. Interest rate on individuals’ manat deposits made up 10%m, foreign currency deposits – 2.97%.

As for average interest rates on loans in November, this indicator was 14.17% in manat, 8.56% in foreign currency. Compared to October, the interest rates declined by 0.84% on manat loans, 1.04% on foreign currency loans.

Average interest rates on manat loans allocated to individuals was 16.92%, foreign currency loans – 15.21%. Interest rates on manat loans for legal entities amounted to 9.15%, foreign currency loans – to 6.30%.