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    Deposits price continue to fall in Azerbaijan

    Lower interest rates also observed on foreign currency loans

    Baku. 10 June. REPORT.AZ/ In April, 2016, average interest rate on deposits in the banking sector of Azerbaijan, has a negative trend.

    Report informs referring to the Central Bank, during the reporting period, average interest rate on manat deposits amounted to 7.77% per annum, on deposits in foreign currency decreased to 5.84% per annum. In March, this figure was respectively 7.85% and 6.28% per annum.

    During the reporting period, the average interest rate on loans to commercial banks in national currency amounted to 12.85%, in foreign currency - 11.41% per annum. Iin March, this figure was respectively 12.89% and 11.64% per annum.

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