Baku 14° C
Loan interest rates soar in Azerbaijan
Finance
- 15 July, 2017
- 07:26
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 15 July. REPORT.AZ/ In May 2017, interest rates on loans both in AZN and foreign currency soared in Azerbaijan.
Report informs referring the Central Bank of Azerbaijan (CBA), average placement rate in AZN was 12,34% as of June 1. Thus, average interest rate of loans in AZN as of June 1 increased by 0,08% compared to May 1. The growth was 0,29% compared to January 1, 2017.
The interest rate on loans granted in foreign currency as of June 1 was 8,88%. It was 0,45% higher compared to May 1. The interest rates on loans increased by 0,28% compared to January 1, 2017.
Author
Latest News
23:23
Shmyhal calls on Azerbaijani companies to help rebuild Ukraine
Foreign policy
23:18
Russia plans to return nine children to Ukraine in November, official says
Region
23:06
QatarEnergy in talks with US suppliers for long-term LNG deals
Other countries
22:48
Putin ready to help end US–Iran conflict, Rezaei says
Region
22:16
Iran's Rezaei delivers letter from Khamenei to Putin
Region
21:58
Russia and Iran sign documents on Rasht–Astara railway project
Region
21:42
Zelenskyy and Costa discuss Ukraine's EU accession and Abu Dhabi talks
Other countries
21:32
Ganja hosts cycling event to celebrate Azerbaijan's Victory Day
Individual sports
21:11
Germany proposes €100 million in additional aid for Ukraine's infrastructure
Other countries