By the end of 2024, an average annual interest rate of consumer loans issued by Azerbaijani banks with credit cards was 26% in AZN and 5% in USD. This was reported by the Central Bank of Azerbaijan (CBA). The CBA also disclosed average interest rates on other consumer loans, which banks issue only in national currency. Loans for purchase of household appliances were issued at an average of 25%, loans for home renovation at an average of 16%, c...

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