Baku. Musa Ahmadov - APA-Economics. "Central Bank of Azerbaijan takes measures for preservation of loans, and regulation of borrower’s financial load within its powers", Chairman of the Central Bank of Azerbaijan Elman Rustamov said during the discussion of 2016 state budget package at the plenary meeting of Azerbaijani Parliament.
According to him, under the recommendation of Central Bank, the banks have restructured about 110,000 loans in the amount of AZN 600 mln since early 2015: “Restructuration serves to lighten the borrower’s debt load. Banks reduce interest rates in the extension of payment period, some banks don’t require interests”.
Rustamov called on banks to be more active in this process: “Such financial consensus should find an optimal balance between the interests of both population and banks”.
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