12:39 - 6.10.2026

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October 6, Fineko/abc.az. An increase in the difference on interest rates in the existing portfolio in manats was clearly reflected in the financial results of banks.

In the first 8 months of 2026, banks' interest income on loans grew by 17.2% up to 2.982 billion manats and net profit by 22.7% up to 949.7 million manats.

At that, the newly-concluded loan and deposit agreements have a different picture. In August, the average interest rate on newly-attracted deposits in manats was 8.1% and the average interest rate on new loans - 18.83%, as a result of which the spread between them decreased to 10.73 percentage points, which indicates a certain narrowing compared to the beginning of the year.

Central Bank’s governor Taleh Kazimov says that interest rates are formed in the market, and the average cost of funds raised is about 9%, emphasizing the importance of grown competition.