The situation with lending in Azerbaijani banks
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- Politics
- 2 September 2024 15:37
Markets Review
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In August 2024 in Baku, average prices of the consumer basket (CB) for 30 types of basic food products of domestic production, compiled by Turan agency, rose by 0.6%.
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In August 2024, the situation regarding deposit acceptance changed in one bank in Azerbaijan. Specifically, Access Bank increased its annual interest rate on classic deposits in manat from 9-9.5% to 9.5-10% for a one-year term. In the remaining 21 banks, deposit interest rates remained stable last month. The tables below show: Table 1 displays the annual interest rates for classic deposits, and Table 2 shows the rates for savings deposits.
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In July, prices for construction materials in Baku rose by an average of 2%.
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In July 2024, in Baku, the average price of the consumer basket (CB) for 30 types of basic food products of domestic production, compiled by the Turan agency, increased by 2%. In June, the average CB price decreased by 2%, in May by 0.2%, in April decreased by 2%, in March increased by 5%, in February decreased by 3%, in January 2024 increased by 1%, in December 2023 increased by 1%, in November decreased by 2%, in October by 0.5%, in September increased by 3%, in August by 0.8%, in July by 3%, in June by 7%, in May decreased by 7%, in April increased by 0.7%, in February the price decreased by 1%, in January increased by 2.6%, in December 2022 by 1%.
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