In Azerbaijan, the number of banks that stopped lending reached 13. This list added 2 more banks - AFB Bank and Bank Respublika. Financial institutions, citing revision of debt terms as a reason, refused to release loans. The other 11 banks not granting loans are AG Bank, Amrah Bank, Ata Bank, Azerbaijan Senaye Bank, Bank Silk Way, Bank VTB (Azerbaijan), Gunay Bank, Mugan Bank, Nakhchivan Bank, NBC Bank, and Nikoil Bank.
Thus, at the moment loans are issued by 19 banks. Of these, Khalg Bank and the Baku branch of the National Bank of Pakistan issue business loans, and the remaining 17 banks provide both consumer and business loans.
Annual interest rates of consumer loans in AZN fluctuate between 15 and 36%, and 14-36% in dollars. Fourteen banks lend to natural persons only in national currency, and 3 banks - both in national and foreign currency. Over the last month three banks changed annual interest rates of consumer loans in AZN. So, credit interest of the International Bank of Azerbaijan has now changed from 26-29% to 27-29%, while Bank of Baku by the end of this month as part of an ongoing discount campaign will change it from 26-32% to 24-30% and Rabita Bank - from 17-29% to 23-27%.
|
№
|
Commercial banks
|
Annual interest on consumer loans |
|
|
AZN |
USD |
||
|
1 |
Access Bank |
24-29% |
- |
|
2 |
AFB Bank |
- |
- |
|
3 |
AG Bank |
- |
- |
|
4 |
Amrah Bank |
- |
- |
|
5 |
Ata Bank |
- |
- |
|
6 |
International Bank of Azerbaijan |
27-29% |
- |
|
7 |
Azerbaijan Senaye Bank |
- |
- |
|
8 |
Azer-Turk Bank |
24-26% |
14-16% |
|
9 |
Bank Avrasiya |
27% |
20% |
|
10 |
Bank of Baku |
24-30% |
- |
|
11 |
Bank BTB |
30-36% |
30-36% |
|
12 |
Bank Respublika |
- |
- |
|
13 |
Bank Silk Way |
- |
- |
|
14 |
Bank VTB (Azerbaijan) |
- |
- |
|
15 |
Caspian Development Bank |
24-32% |
- |
|
16 |
Demir Bank |
16-29% |
- |
|
17 |
Express Bank |
22-36% |
- |
|
18 |
Gunay Bank |
- |
- |
|
19 |
Khalg Bank |
- |
- |
|
20 |
Capital Bank |
29% |
- |
|
21 |
Bank Melli Iran – Baku branch |
19-25% |
- |
|
22 |
Mugan Bank |
- |
- |
|
23 |
Nakhchivan Bank |
- |
- |
|
24 |
NBC Bank |
- |
- |
|
25 |
Nikoil Bank |
- |
- |
|
26 |
National Bank of Pakistan – Baku branch |
- |
- |
|
27 |
Pasha Bank |
21-28% |
- |
|
28 |
Rabita Bank |
23-27% |
- |
|
29 |
Turan Bank |
18-29% |
- |
|
30 |
Uni Bank |
23-30% |
- |
|
31 |
Yapi Kredi Bank (Azerbaijan) |
15-28% |
- |
|
32 |
Ziraat Bank (Azerbaijan) |
Individual approach |
Individual approach |
Annual interest rates of business loans at banks vary in the range 14-32% in AZN and within 13-28% in dollars. Seven banks lend only in the national currency, two banks lend only in foreign currency, and ten banks give out loans to entrepreneurs in both currencies. For the past month there was no change in loan interests.
|
№
|
Commercial banks
|
Annual interest on business loans |
|
|
AZN |
USD |
||
|
1 |
Access Bank |
28% |
19-22% |
|
2 |
AFB Bank |
- |
- |
|
3 |
AG Bank |
- |
- |
|
4 |
Amrah Bank |
- |
- |
|
5 |
Ata Bank |
- |
- |
|
6 |
International Bank of Azerbaijan |
Individual approach |
- |
|
7 |
Azerbaijan Senaye Bank |
- |
- |
|
8 |
Azer-Turk Bank |
Individual approach |
Individual approach |
|
9 |
Bank Avrasiya |
Individual approach |
Individual approach |
|
10 |
Bank of Baku |
30-32% |
- |
|
11 |
Bank BTB |
At least 22% |
At least 13% |
|
12 |
Bank Respublika |
- |
- |
|
13 |
Bank Silk Way |
- |
- |
|
14 |
Bank VTB (Azerbaijan) |
- |
- |
|
15 |
Caspian Development Bank |
26-28% |
16-18% |
|
16 |
Demir Bank |
20-30% |
16-22% |
|
17 |
Express Bank |
21-30% |
- |
|
18 |
Gunay Bank |
- |
- |
|
19 |
Khalg Bank |
- |
16-23% |
|
20 |
Capital Bank |
Individual approach |
- |
|
21 |
Bank Melli Iran – Baku branch |
18% |
- |
|
22 |
Mugan Bank |
- |
- |
|
23 |
Nakhchivan Bank |
- |
- |
|
24 |
NBC Bank |
- |
- |
|
25 |
Nikoil Bank |
- |
- |
|
26 |
National Bank of Pakistan – Baku branch |
16-17% |
- |
|
27 |
Pasha Bank |
Individual approach |
- |
|
28 |
Rabita Bank |
14-27% |
14-27% |
|
29 |
Turan Bank |
- |
At least 24% |
|
30 |
Uni Bank |
14-28% |
14-28% |
|
31 |
Yapi Kredi Bank (Azerbaijan) |
Individual approach |
Individual approach |
|
32 |
Ziraat Bank (Azerbaijan) |
Individual approach |
Individual approach |
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