In July, the average weighted effective interest rate on total approved loans decreased by 0.01 percentage points, standing at 6.6%, according to data from the Central Bank (CBCG).
The average weighted nominal interest rate also fell by 0.01 percentage points, reaching 6.11%.
For newly approved loans, the effective interest rate dropped by 0.78 percentage points to 6.09%, while the nominal rate decreased by 0.4 percentage points to 5.63%.
In contrast, interest rates from microcredit financial institutions (MFI) on total approved loans rose, with the effective rate increasing by 0.06 percentage points to 21.68% and the nominal rate up by 0.08 percentage points to 19.33%.
The average weighted effective interest rate from MFI on newly approved loans fell by 0.03 percentage points to 23.18%, while the nominal rate increased by 0.11 percentage points to 20.72%.
Additionally, the average weighted effective interest rate on deposits rose by 0.01 percentage points to 0.26%.
The gap between active and passive interest rates in July was 6.34 percentage points, lower than in June.
