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Bağla

Situation with Lending in Banks of Azerbaijan
Markets Review 


2017 June 07 ( Wednesday )  16:15:27
Print version
Русский Azərbaycan

The commercial banks of Azerbaijan continue to raise the annual interest rates of manat loans. Two other banks increased the value of loans in the national currency.

Thus, the annual interest rate of loans extended to individuals in the Baku branch of the Iranian National Bank (Bank Melli Iran) has increased from 19-25% to 26-29% and Rabita Bank - from 24-29% to 24-36%. Iran's bank has also changed the annual interest rates of business loans from 18% to 21-23%.

By the way, business lending was restored in two banks - Bank of Baku and Bank Respublika in the past month. After a month's break, Bank of Baku offers entrepreneurs loans in manats at an annual rate of 27-32%. Bank Respublika resumed issuing business loans after a month-long break. In this bank, loans in manats are offered at 28-31% per annum, and in dollars at 12% per annum.

Commercial bank Annual interest rate for consumer loans
AZNUSD
1Access Bank24-29%-
2AFB Bank26-30%13-17%
3AG Bank--
4Amrah Bank--
5Ata Bank--
6International Bank of Azerbaijan27-29%-
7Azerbaijan Senaye Bank--
8Azer-Turk Bank24-26%14-16%
9Bank Avrasiya27%-
10Bank of Baku26-32%-
11Bank BTB23-38%13-23%
12Bank Respublika30-36%-
13Bank Silk Way16-18%-
14Bank VTB (Azerbaijan)--
15Demir Bank27-29%-
16Express Bank22-38%-
17Gunay Bank--
18Khalg Bank--
19Capital Bank29%-
20Bank Melli Iran - Baku Branch26-29%-
21Mugan Bank--
22Nakhchivan Bank--
23NBC Bank10-32%-
24Nikoil Bank--
25National Bank of Pakistan - Baku Branch--
26Pasha Bank21-28%-
27Rabita Bank24-36%-
28Turan Bank29-36%-
29Uni Bank23-29%-
30Yapi Kredi Bank (Azerbaijan)19-28%-
31Ziraat Bank (Azerbaijan)25-30%-

Commercial bank Annual interest rate for business loans
AZNUSD
1Access Bank28%19-22%
2AFB Bank18-30%8-16%
3AG Bank--
4Amrah Bank--
5Ata Bank--
6International Bank of AzerbaijanIndividual approach-
7Azerbaijan Senaye Bank--
8Azer-Turk BankIndividual approachIndividual approach
9Bank AvrasiyaIndividual approachIndividual approach
10Bank of Baku 27-32%-
11Bank BTBMinimum 24%Minimum 13%
12Bank Respublika 28-31%12%
13Bank Silk Way--
14Bank VTB (Azerbaijan)--
15Demir Bank20-30%16-22%
16Express Bank21-30%-
17Gunay Bank--
18Khalg Bank-16-23%
19Capital BankIndividual approach-
20Bank Melli Iran - Baku Branch21-23%-
21Mugan Bank--
22Nakhchivan Bank--
23NBC Bank10-24%10-24%
24Nikoil Bank-Minimum 10%
25National Bank of Pakistan - Baku Branch16-17%-
26Pasha BankIndividual approach-
27Rabita Bank14-27%14-27%
28Turan Bank-21-24%
29Uni Bank18-24%18-24%
30Yapi Kredi Bank (Azerbaijan)Individual approachIndividual approach
31Ziraat Bank (Azerbaijan)Individual approachIndividual approach