Azerbaijan released average annual interest rate on consumer loans

As of the end of September 2024, the average annual interest rate on consumer loans in Azerbaijan in the national and foreign currency was 24% and 7% respectively. This was reported by the Central Bank of Azerbaijan. These indices a year ago were 25% and 5% respectively. In other words, loans in manats became cheaper, while loans in dollars, euros and other foreign currencies became more expensive. Over the year, the average percentage of l...

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