Rabitabank cuts loan interests after Central bank`s demand

14:00 - 25.12.2019


December 25, Fineko/abc.az. Rabitabank has lowered interests on micro-loans for the first time, ABC.AZ was reported at the Bank’s press service.

The Bank took this step after the decision of the Central Bank of Azerbaijan on the interest rate corridor. According to the discount, if until now the minimum interest rate of 24% per annum has been set, now the interest rate of 22% will be set.

Thus, in the middle of the year Bank's 12-month interest rates made up 25%, 18-month rates 26%, 24-month rates 26%, 36-month rates 27%.

Currently, the maximum annual interest rate is 26%.

 

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