E. Rustamov noted that the banking system must have two main components – sufficient financial resources and cheaper business loans. Rustamov said Central Bank aims to reach interest rates one-digit index.
At the same time, commenting on current interest rates over consumption loans, CBA Chairman said that according to research f the situation in the most of countries, as well as CIS and development countries, the interest rates in Azerbaijan are not high and the population needs these loans. The banks have inclinations to consumer lending.
“Generally, there are great demand and supply on consumer lending. CBA wants business lending also reach this level”, Rustamov added. CBA is expected to work with banks for development of business lending.
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