15:50 - 30.10.2026

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October 30, Fineko/abc.az. The average annual interest rate on new manat loans in the banking sector of Azerbaijan decreased from 18.83% in September to 18.14% in August.

As a result of the increase in the average percentage of new attracted manat deposits to 8.28% over the same period, the difference between interests on loans and deposits decreased to 9.86 percentage points, which became even more optimal compared to last year.

A drop was also observed on average for foreign currency loans - 5.82%.

Commenting on the situation in the banking sector, Central Bank’s governor Taleh Kazimov stressed the importance of expanding lending provided by banks, rather than maintaining liquidity in the Central Bank.

Reporting on increased competition and availability of loans, the CBA, by its decision of October 29, stabilized the parameters of the interest rate corridor, keeping the discount rate within 6.5%.