Financial Market Supervision Authority announces average interest rates on consumer loans


August 2, Fineko/abc.az. The Financial Markets Supervision Authority has announced average interest rates on consumer loans.

FIMSA reports that the rates increased based on the requirements of the Rules of Calculation of the Bank's Capital & Its Adequacy.

Thus, as of 1 July 2019 interests on consumer loans in Azerbaijan ranged in manats by 20-24%, in US dollars by 6-19%, and in other foreign currencies by 10-15%.