Baku, Azerbaijan, April 2
By Emin Aliyev - Trend:
The average nominal rate on lending capital investments in Azerbaijan is 18 percent, the interest rate analysis, conducted by KPMG international audit company upon the Georgian National Bank's order.
"The actual annual interest rate on such loans in the country is 19.6 percent," according to the analysis.
The investment loan rates are lower in Georgia. The nominal rate on them is 11 percent, while the actual one is 11.8 percent per annum.
"Moreover, Georgia set the lowest rates on lending working capital in the region: the nominal rate is 11 percent with actual annual interest rate worth 11.9 percent," according to the analysis.
The actual nominal interest rates on such loans account for 15.8 and 17.2 percent respectively in Azerbaijan, according to KPMG.
translated by NH
Edited by CN
