Baku 12° 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
15:10
MiniBoss Business School opens enrollment at its second Baku branch
Business
15:08
Lithuanian foreign minister meets Azerbaijani presidential adviser in Vilnius
Foreign policy
15:00
Fox News: US considers November 9 favorable day to resume strikes on Iran
Other countries
14:52
Gold makes up 16.6% of Georgia's international reserves
Region
14:49
President Ilham Aliyev and First Lady Mehriban Aliyeva attend opening of Zangilan City Education Complex
Domestic policy
14:46
President Ilham Aliyev and First Lady Mehriban Aliyeva attend inauguration of first phase of Jahangirbeyli village in Zangilan
Domestic policy
14:43
More than half of Armenians see need for snap parliamentary elections, poll finds
Region
14:31
Ukrainian PM thanks Azerbaijani president for support
Foreign policy
14:29
Uzbekistan seeks to host regional UN counterterrorism office
Region