The average weighted effective interest rate on total approved loans, which includes all their costs, in August compared to July increased by 0.04 percentage points and amounted to 6.43 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 5.89 percent“, it is stated in the CBCG Bulletin.
The effective interest rate on newly approved loans in August increased by 0.29 percentage points to 7.03 percent, and the nominal rate by 0.44 percentage points to 6.42 percent.
Interest rates of microcredit financial institutions (MFIs) on total approved loans fell in August, effective 0.09 percentage points to 22.53 percent, and nominal 0.05 percentage points to 19.86 percent.
The effective MFI interest rate on newly approved loans on a monthly basis fell by 0.64 percentage points to 21.77 percent, and the nominal one by 0.5 percentage points to 19.3 percent.
The average weighted effective interest rate on deposits in August was 0.01 percentage points lower on a monthly basis and amounted to 0.26 percent.
The difference between active and passive interest rates in August amounted to 6.17 percentage points and was higher compared to July.
Sign up for business news updates & special reports.
