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Bağla

Lending in Banks of Azerbaijan
Markets Review 


2017 May 08 ( Monday )  16:04:49
Print version
Русский Azərbaycan

Over the past month, the situation with lending has changed in 7 out of 32 commercial banks of Azerbaijan. Changes have affected both consumer and business loans.

Thus, the annual interest rate of loans granted to individuals in manat loans changed at Bank Respublika from 32-36% to 30-36%, at Rabita Bank from 23-27% to 24-29%, and at Turan Bank from 29 % to 29-36%. NBC Bank after a long break began to issue both consumer and business loans. For personal clients, the bank offers loans at 10-32% per annum, and for entrepreneurs – at 10-24% per annum.

The Bank of Baku stopped financing entrepreneurs. Several banks have made changes in the annual interest rates of business loans. So, giving out AZN loans to entrepreneurs at 22% per annum, Bank BTB changed the minimum interest rate to 24%. Demir Bank, which allocated loans at 20-23% per annum, changed interest rates to 20-30%, and Turan Bank changed annual interest rates of dollar loans extended to entrepreneurs from 24% to 21-24%.

 

 

 

Commercial bank

 

Annual interest on consumer loans

AZN

USD

1

Access Bank

24-29%

-

2

AFB Bank

26-30%

13-17%

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%

-

10

Bank of Baku

26-32%

-

11

Bank BTB

23-38%

13-23%

12

Bank Respublika

30-36%

-

13

Bank Silk Way

16-18%

-

14

Bank VTB (Azerbaijan)

-

-

15

Caspian Development Bank

24-32%

-

16

Demir Bank

27-29%

-

17

Express Bank

22-38%

-

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

10-32%

-

25

Nikoil Bank

-

-

26

National Bank of Pakistan – Baku Branch

-

-

27

Pasha Bank

21-28%

-

28

Rabita Bank

24-29%

-

29

Turan Bank

29-36%

-

30

Uni Bank

23-29%

-

31

Yapi Kredi Bank (Azerbaijan)

19-28%

-

32

Ziraat Bank (Azerbaijan)

25-30%

-

 

 

 

 

Commercial bank

 

Annual interest on business loans

AZN

USD

1

Access Bank

28%

19-22%

2

AFB Bank

18-30%

8-16%

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

-

-

11

Bank BTB

 At least 24%

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

10-24%

10-24%

25

Nikoil Bank

-

azı 10%

26

National Bank of Pakistan – Baku Branch

16-17%

-

27

Pasha Bank

Individual approach

-

28

Rabita Bank

14-27%

14-27%

29

Turan Bank

-

21-24%

30

Uni Bank

18-24%

18-24%

31

Yapi Kredi Bank (Azerbaijan)

Individual approach

Individual approach

32

Ziraat Bank (Azerbaijan)

Individual approach

Individual approach