Average Interest Rates of National Bank of Azerbaijan Announced
OREANDA-NEWS. On July 23, 2007 Press Service of the National Bank informed that the sum of the deposits attracted from the customers by June 1, 2007 made up 2254,6 mln. AZN. 555,7 mln AZN of this sum was deposits and savings on demand, 434,0 mln AZN was deposits and savings on demand and with fixed period attracted in national currency and relevant 397,4 mln. AZN and 867 mln AZN was in foreign currency.
Average interest rate for customer deposits by June 1, 2007 in national currency made up 10,85 % (legal entities 13,95%, individuals 11,80% ) and in foreign currency it was 12,60 % (legal entities 9,14%, individuals 12,75%).
Average interest rate for loans given by banks in national currency made up 15,46 % (legal entities 13,95, individuals 18,52%) and in foreign currency it was equal to 16,25% (legal entities 13,97%, individuals 21,92%). Average interest rate for interbank loans in national currency made up 17, 05 % and in foreign currency this rate was equal to 12,99 %.
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