Baku. Nijat Mustafayev – APA-Economics. ‘I recommend the commercial banks operating in Azerbaijan to reduce interest rates on loans’, Chairman of Economic Policy Committee of Azerbaijani Parliament Ziyad Samadzadeh said, APA reports.
To him, this will increase the number of credit receivers, stimulate entrepreneurship and back the economic development. At the same time, he noted that domestic investments raise in the country and consequently, banking credits go up, as well.
Note that, at present, only 5.6% of domestic investments fell to share of banking credits.
Ziyad Samadzadeh: I recommend the banks operating in Azerbaijan to reduce interest rates on loans
24 October 2012 09:15 (UTC +04:00)
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