NewsCentral Bank reports slight rise in effective loan interest rates for April

Central Bank reports slight rise in effective loan interest rates for April

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In April, the average weighted effective interest rate on all approved loans, which encompasses all associated costs, saw a slight increase of 0.01 percentage points compared to March, reaching 6.64%, according to data from the Central Bank (CBCG). The CBCG Bulletin also noted that the average weighted nominal interest rate remained unchanged on a monthly basis, standing at 6.16%. The effective interest rate for newly approved loans in April decreased by 0.54 percentage points, bringing it down to 6.89%, while the nominal interest rate dropped by 0.54 percentage points to 6.17%.

For microcredit financial institutions (MFI), the effective interest rate on all approved loans in April decreased by 0.14 percentage points, settling at 21.51%. The nominal interest rate also fell by 0.15 percentage points, coming to 19.09%.

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Monthly changes in interest rates for newly approved MFI loans showed an increase, with the effective rate rising by 0.86 percentage points to 21.12% and the nominal rate increasing by 0.3 percentage points to 18.39%.

The average weighted effective interest rate on deposits saw a minor decrease of 0.01 percentage points in April, reducing it to 0.26%.

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The gap between lending and deposit interest rates in April widened to 6.38 percentage points, higher than the previous month.

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