CBCG: Recorded increase in interest rates

The effective interest rate on newly approved loans in September increased by 0,02 percentage points to 7,05 percent, while the nominal rate fell by 0,1 percentage point to 6,32 percent.

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Illustration, Photo: Shutterstock
Illustration, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The average weighted effective interest rate on total approved loans, which includes all their costs, in September compared to August increased by 0,04 percentage points and amounted to 6,47 percent, according to data from the Central Bank (CBCG).

"The average weighted nominal interest rate on a monthly basis increased by 0,03 percentage points to 5,92 percent," it is stated in the CBCG Bulletin.

The effective interest rate on newly approved loans in September increased by 0,02 percentage points to 7,05 percent, while the nominal rate fell by 0,1 percentage point to 6,32 percent.

Interest rates of microcredit financial institutions (MFI) on total approved loans in September fell, effective 0,08 percentage points to 22,45 percent, and nominal 0,05 percentage points to 19,81 percent.

The effective interest rate of MFIs on newly approved loans on a monthly basis increased by 0,41 percentage points to 22,18 percent, and the nominal interest rate by 0,28 percentage points to 19,58 percent.

The average weighted effective interest rate on deposits in September was 0,02 percentage points lower on a monthly basis and amounted to 0,24 percent.

The difference between active and passive interest rates in September amounted to 6,23 percentage points and was higher compared to August.

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