16:11 - 23.06.2023

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June 23, Fineko/abc.az. In Azerbaijan, interest rates on loans are lower compared with the countries of the region.

ABC.AZ reports that CBA chairman Taleh Kazimov stated about this at a meeting of Milli Majlis extraordinary session.

"Today, the average interest rate on loans in Azerbaijan is 10.1% for legal entities and 16.1% for individuals. In Russia, these figures are 8.9% and 12.5%, respectively, in Georgia - 4.5% and 18.6%, and in Kazakhstan - 18.9% and 19.1%. Under conditions of high inflation, a reduction in interest rates on loans is not considered acceptable. This can accelerate the growth of prices," Kazimov said.