Average interest rates on loans in manat and foreign currencies increase

Baku. 4 February. REPORT.AZ/ Average interest rate on deposits in manat made up 9.58%, in foreign currency – 2.33% in December, Report informs citing Central Bank of Azerbaijan (CBA). Compared to November, the interest rates on deposit in manat increased by 0.39 percentage point, in foreign currency – decreased by 0.1 percentage point.

Legal entities’ manat deposits were involved with 5.53%, foreign currency deposits – with 1.43% in December. Interest rate on individuals’ manat deposits made up 10.01%, foreign currency deposits – 2.66%.

As for average interest rates on loans in December, this indicator was 14.24% in manat, 8.06% in foreign currency. Compared to November, the interest rates declined by 0.07 percentage point on manat loans, 0.5% on foreign currency loans.

Average interest rates on manat loans allocated to individuals was 17.11%, foreign currency loans – 14.67%. Interest rates on manat loans for legal entities amounted to 9.30%, foreign currency loans – to 6.13%.