In December last year, the situation with lending in 5 Azerbaijani banks changed. Banks have mainly revised interest rates on loans issued in Azerbaijani manats.Thus, “Bank of Baku” has reduced the annual interest rate on Lombard loans (as a pledge of gold jewelry) from 26% to 24%, “Kapitalbank” has reduced the annual interest rate on cash loans from 15% to 13%, and “Yelobank” has reduced the annual interest rate on mortgage loans (mortgage of re...

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