Elman Rustamov: To lower loan interest rates, risks have to be eliminated

"The situation in respect of loan interest rates in Azerbaijan is complicated,” Chairman of the Central Bank of Azerbaijan Elman Rustamov said at a press conference today, APA-Economics reports.

According to him, the high rate of loans issued by banks does not stem from macroeconomic reasons.

"The reason for the high interest rates should be looked for in other conditions. That is, a health demand-offer ratio should be defined. As you know, the banking sector wants to evaluate the risks when issuing a loan. Measures aimed at macro-economic stability policy and normalizing monetary conditions will be continued. We should take steps with relevant agencies to eliminate the loan ecosystem and the risks associated. In the near future, we may be able to lower interest rates on loans, especially the mortgages offered by the market, to single-digit levels," Rustamov said.

14.06.2018 12:23 / Hits: 89 / Print
 
    Bu bölmədə
     News feed
    18.02.2019
    15.02.2019
    14.02.2019
     
    2019 All right reserved www.azadinform.az Powered by Danneo