In November 2024, the lending situation changed in two Azerbaijani banks. These banks revised the interest rates for both consumer and business loans offered in Azerbaijani manats. Expressbank reduced its annual interest rate on cash loans from 12% to 10%. Azer-Türk Bank lowered the annual interest rate on microloans from 11-18% to 11-17%. In the other 20 banks, the interest rates on loans remained stable in the past month....

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