Bank Of Baku

Parabank decreased credit rates

Parabank decreased credit rates
# 15 August 2011 09:30 (UTC +04:00)
Baku. NIjat Mustafayev – APA-Economics. Azerbaijan-based Parabank OJSC reduced interest rates on consumer lending and business.

Bank says the main purpose in this process is support the small and medium businesses, as well create opportunity for the population to receive loans in the useful conditions. At present, the bank’s clients can receive the credit for 60 months with the annual interest at least 22%. Besides, the clients will be able to concessional term up to 12 months depending on term of the credit.

Note that, owned by 23 individuals Parabank has been in operation since 1991.
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