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Latest Situation in Crediting in Azerbaijani Banks
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The news agency Turan
The news agency Turan

Latest Situation in Crediting in Azerbaijani Banks

Since the Financial Markets Control House applied the rules of responsible and healthy crediting in May 2016, the number of commercial banks issuing loans in Azerbaijan is increasing.

Nineteen of the 37 banks operating in Azerbaijan provide consumer loans. The banks mainly offer individuals loans in AZN. Loans can be also obtained in foreign currency (USD) only from two banks – Azer-Turk Bank and Bank Avrasiya. These loans are envisaged for people receiving their salaries in USD. Their annual interest is 14-22%.

Consumer loans in AZN are issued at 18-34% of annual interest. In Bank BTB and Capital Bank the annual interests are over the limit recommended to banks (29%). In comparison with the previous months, the annual interests in several banks (Azer-Turk Bank, Capital Bank, Uni Bank, and Ziraat Bank (Azerbaijan) increased 3-4%.

 

№

 

 

Commercial banks

Annual interest on consumer loans

AZN

USD

1

Access Bank

29%

-

2

AFB Bank

24%

-

3

AG Bank

-

-

4

Amrah Bank

-

-

5

Ata Bank

-

-

6

International Bank of Azerbaijan

19-23%

-

7

Azerbaijan Senaye Banki

-

-

8

Azer-Turk Bank

18-21%

14-18%

9

Bank Avrasiya

26-27%

19-22%

10

Bank of Baku

26-27%

-

11

Bank BTB

30-34%

-

12

Bank Respublika

27-28%

-

13

Bank Silk Way

16-25%

-

14

Bank Standard

-

-

15

Bank VTB (Azerbaijan)

-

-

16

Caspian Development Bank

24-30%

-

17

Deka Bank

-

-

18

Demir Bank

27-28%

-

19

Express Bank

-

-

20

Gunay Bank

24%

-

21

Khalg Bank

-

-

22

Capital Bank

31%

-

23

Credo Bank

-

-

24

Bank Melli Iran – Baku branch

25-27%

-

25

Mugan Bank

-

-

26

Nakhchivan Bank

-

-

27

NBC Bank

-

-

28

Nikoil Bank

-

-

29

National Bank of Pakistan – Baku branch

-

-

30

Para Bank

-

-

31

Pasha Bank

29%

-

32

Rabita Bank

27-28%

-

33

Turan Bank

29%

-

34

Uni Bank

29%

-

35

Yapi Kredi Bank (Azerbaijan)

-

-

36

Zamin Bank

-

-

37

Ziraat Bank (Azerbaijan)

26-28%

-

Business loans in Azerbaijan are issued by 21 banks. Business people can get loans both in the local and foreign currency from 9 banks. Ten banks finance businesses only in AZN, and two others – only in USD. Business loans in AZN are issued at 19-28% of annual interest, while business loans in USD are given at 16-24%. Compared with the previous months, the annual interests on loans decreased 3-7% in several banks (e.g. Para Bank).

 

№

 

 

Commercial banks

Annual interest on business loans

AZN

USD

1

Access Bank

28%

22%

2

AFB Bank

Individual approach

-

3

AG Bank

-

-

4

Amrah Bank

-

-

5

Ata Bank

-

-

6

International Bank of Azerbaijan

Individual approach

-

7

Azerbaycan Senaye Banki

-

-

8

Azer-Turk Bank

Individual approach

Individual approach

9

Bank Avrasiya

22%

19%

10

Bank of Baku

22-28%

-

11

Bank BTB

23-27%

16-20%

12

Bank Respublika

27-28%

-

13

Bank Silk Way

-

-

14

Bank Standard

-

-

15

Bank VTB (Azerbaijan)

-

-

16

Caspian Development Bank

19-21%

16-18%

17

Deka Bank

-

-

18

Demir Bank

20-22%

16-22%

19

Express Bank

-

-

20

Gunay Bank

24%

-

21

Khalg Bank

-

16-23%

22

Capital Bank

Individual approach

-

23

Credo Bank

-

-

24

Bank Melli Iran – Baku branch

23%

 

25

Mugan Bank

-

-

26

Nakhchivan Bank

-

-

27

NBC Bank

-

-

28

Nikoil Bank

-

-

29

National Bank of Pakistan – Baku branch

16-17%

-

30

Para Bank

-

17-24%

31

Pasha Bank

16%

-

32

Rabita Bank

24-26%

21-23%

33

Turan Bank

20-24%

20-24%

34

Uni Bank

Individual approach

-

35

Yapi Kredi Bank (Azerbaijan)

-

-

36

Zamin Bank

-

-

37

Ziraat Bank (Azerbaijan)

Individual approach

Individual approach

 

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