Over the past month seven commercial banks of Azerbaijan - Bank BTB, Bank VTB (Azerbaijan), Khalg Bank, Capital Bank, NBC Bank, Turan Bank and Ziraat Bank (Azerbaijan) - changed the annual interest rates. The changes were made both for classical and savings deposits - they rose and fell.
So, Bank BTB, taking into account the placement during the year, reduced the annual interest rate of dollar deposits from 5-6% to 3-4%. Bank VTB (Azerbaijan) reduced profitability of classical dollar deposits from 3-3.5% to 2%, and the yield of savings dollar deposits from 2% to 0.5%. Khalg Bank lowered the annual interest rates of classical dollar deposits from 2% to 1%, classical Euro deposits - from 1.5% to 0.5%, savings dollar deposits from 2% to 1.3%, savings Euro deposits - from 1.5% to 1%. Capital Bank lowered the yield of dollar deposits from 1-1.2% to 0.400%. NBC Bank increased the annual interest rate of dollar and Euro loans from 3% to 7%. Turan Bank reduced profitability of savings dollar deposits from 6.6% to 4-4.5%, and the yield of savings Euro deposits - from 3.5% to 1.5-2%. Ziraat Bank (Azerbaijan) increased the annual interest rate of classical manat deposits from 11.5-12% to 15%. This bank raised the cost of the monthly interest rate of classical dollar deposits from 0.5% to 1%. The bank refused of placing deposits in Euros, which it received just at 0.1%.
Table 1 presented below shows the interests on classical deposits, and Table 2 shows the interests on savings deposits.
|
№
|
Commercial banks
|
Interests paid monthly |
Interests paid on maturity |
||||
|
AZN |
USD |
EUR |
AZN |
USD |
EUR |
||
|
1 |
Access Bank |
14.3% |
2.3% |
1.3% |
15.0% |
3.0% |
2.0% |
|
2 |
AFB Bank |
7.0% |
3.0% |
- |
- |
- |
- |
|
3 |
AG Bank |
13.0% |
3.0% |
3.0% |
15.0% |
3.0% |
4.0% |
|
4 |
Amrah Bank |
15.0% |
7.0% |
6.0% |
15.0% |
7.3% |
6.5% |
|
5 |
Ata Bank |
14.0% |
8.0% |
4.0% |
15.0% |
9.0% |
5.0% |
|
6 |
International Bank of Azerbaijan |
8.0% |
2.0% |
- |
8.25% |
2.25% |
- |
|
7 |
Azerbaijan Senaye Bank |
12.0% |
1.0% |
0.5% |
12.0% |
1.0% |
0.5% |
|
8 |
Azer-Turk Bank |
10.0% |
2.0% |
1.0% |
10.5% |
2.5% |
1.5% |
|
9 |
Bank Avrasiya |
12.0% |
2.0% |
0.25% |
13.0% |
2.25% |
0.5% |
|
10 |
Bank of Baku |
13.5% |
2.0% |
2.5% |
14.0% |
2.0% |
2.5% |
|
11 |
Bank BTB |
14.0% |
3.0% |
- |
16.0% |
4.0% |
- |
|
12 |
Bank Respublika |
12.0% |
3.0% |
- |
12.0% |
3.0% |
- |
|
13 |
Bank Silk Way |
6.0% |
5.0% |
- |
6.0% |
5.0% |
- |
|
14 |
Bank VTB (Azerbaijan) |
15.0% |
2.0% |
- |
16.0% |
2.0% |
- |
|
15 |
Caspian Development Bank |
15.0% |
- |
- |
15.0% |
3.0% |
- |
|
16 |
Demir Bank |
14.2% |
6.0% |
4.0% |
15.0% |
7.0% |
5.0% |
|
17 |
Express Bank |
12.0% |
2.0% |
- |
12.9% |
2.5% |
- |
|
18 |
Gunay Bank |
- |
- |
- |
12.0% |
6.0% |
5.0% |
|
19 |
Khalg Bank |
6.0% |
1.0% |
0.5% |
- |
- |
- |
|
20 |
Capital Bank |
11.0% |
0.4% |
0.25% |
12.0% |
0.5% |
0.5% |
|
21 |
Bank Melli Iran – Baku branch |
1.0% |
0.75% |
- |
1.0% |
0.75% |
- |
|
22 |
Mugan Bank |
15.0% |
3.0% |
- |
16.0% |
6.0% |
- |
|
23 |
Nakhchivan Bank |
- |
- |
- |
10.0% |
10.0% |
- |
|
24 |
NBC Bank |
15.0% |
7.0% |
7.0% |
16.0% |
8.0% |
8.0% |
|
25 |
Nikoil Bank |
15.0% |
2.5% |
- |
15.5% |
3.0% |
- |
|
26 |
National Bank of Pakistan – Baku branch |
- |
- |
- |
- |
- |
- |
|
27 |
Pasha Bank |
- |
- |
- |
- |
- |
- |
|
28 |
Rabita Bank |
12.0% |
3.0% |
- |
13.0% |
4.0% |
1.5% |
|
29 |
Turan Bank |
16.0% |
4.0% |
1.5% |
16.5% |
4.5% |
2.0% |
|
30 |
Uni Bank |
15.5% |
3.0% |
- |
16.0% |
3.1% |
- |
|
31 |
Yapi Kredi Bank (Azerbaijan) |
13.0% |
1.5% |
1.5% |
15.0% |
2.5% |
2.5% |
|
32 |
Ziraat Bank (Azerbaijan) |
15.0% |
1.0% |
- |
15.0% |
1.0% |
- |
|
№
|
Commercial banks
|
Interests paid monthly |
Interests paid on maturity |
||||
|
AZN |
USD |
EUR |
AZN |
USD |
EUR |
||
|
1 |
Access Bank |
- |
- |
- |
13.0% |
3.0% |
1.5% |
|
2 |
AFB Bank |
- |
- |
- |
- |
- |
- |
|
3 |
AG Bank |
13% |
3% |
1% |
15.0% |
3% |
1% |
|
4 |
Amrah Bank |
- |
- |
- |
15.0% |
7.3% |
- |
|
5 |
Ata Bank |
- |
- |
- |
13.5% |
7.5% |
3.5% |
|
6 |
International Bank of Azerbaijan |
- |
- |
- |
- |
- |
- |
|
7 |
Azerbaijan Senaye Bank |
- |
- |
- |
- |
- |
- |
|
8 |
Azer-Turk Bank |
- |
- |
- |
- |
- |
- |
|
9 |
Bank Avrasiya |
- |
- |
- |
10.0% |
1.0% |
0.25% |
|
10 |
Bank of Baku |
13.5% |
2.0% |
2.5% |
14.0% |
2.0% |
2.5% |
|
11 |
Bank BTB |
14.0% |
3.0% |
- |
16.0% |
4.0% |
- |
|
12 |
Bank Respublika |
- |
- |
- |
11.0% |
1.25% |
- |
|
13 |
Bank Silk Way |
- |
- |
- |
- |
- |
- |
|
14 |
Bank VTB (Azerbaijan) |
15.0% |
- |
- |
6.0% |
0.5% |
- |
|
15 |
Caspian Development Bank |
- |
- |
- |
10.0% |
2.0% |
1.0% |
|
16 |
Demir Bank |
- |
- |
- |
11.0% |
4.0% |
- |
|
17 |
Express Bank |
11.0% |
1.0% |
- |
12.0% |
1.5% |
- |
|
18 |
Gunay Bank |
- |
- |
- |
12.0% |
6.0% |
5.0% |
|
19 |
Khalg Bank |
6.0% |
1.3% |
1.0% |
6.0% |
1.3% |
1.0% |
|
20 |
Capital Bank |
11.0% |
0.4% |
0.25% |
12.0% |
0.5% |
0.5% |
|
21 |
Bank Melli Iran – Baku branch |
- |
- |
- |
- |
- |
- |
|
22 |
Mugan Bank |
- |
- |
- |
- |
- |
- |
|
23 |
Nakhchivan Bank |
- |
- |
- |
2.0% |
2.0% |
- |
|
24 |
NBC Bank |
15.0% |
7.0% |
7.0% |
- |
- |
- |
|
25 |
Nikoil Bank |
15.0% |
2.5% |
- |
15.5% |
3.0% |
- |
|
26 |
National Bank of Pakistan – Baku branch |
- |
- |
- |
- |
- |
- |
|
27 |
Pasha Bank |
- |
- |
- |
- |
- |
- |
|
28 |
Rabita Bank |
12.0% |
3.0% |
- |
- |
- |
- |
|
29 |
Turan Bank |
- |
- |
- |
- |
- |
- |
|
30 |
Uni Bank |
- |
- |
- |
13.0% |
2% |
- |
|
31 |
Yapi Kredi Bank (Azerbaijan) |
- |
- |
- |
- |
- |
- |
|
32 |
Ziraat Bank (Azerbaijan) |
- |
- |
- |
- |
- |
- |
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