15:46 - 30.10.2026

---

October 30, Fineko/abc.az. According to Central Bank of Azerbaijan’s statistical bulletin for September, the average annual rate on new loans in manats decreased to 18.14%.

Compared to August, the indicator fell by 0.69 percentage points, and by 0.13 p.p. compared to the same period of last year. However, since the beginning of the year, rates have increased by 0.45 p.p.

The average interest rate on new loans in foreign currency was 5.82%, and on new term deposits in manats - 8.28%. As a result, the difference between the rates on new manat loans and deposits drops to 9.86 p.p.

On October 29, CBA governor Taleh Kazimov called on banks to direct free funds to lending and the interbank market, rather than placing them in the Central Bank at 5% per annum. He also noted that due to insufficient competition, interest rates are falling more slowly than expected.

At the same time, the CBA kept the discount rate at 6.5%.