Additional interest on loans paid out by citizens will be returned
  • ECONOMY

  • 17:21 28 February 2019

Additional interest on loans paid out by citizens will be returned

Executive Director of the Analytical and Communication Center for Economic Reforms Vusal Gasimli held a press conference in connection with the decree signed today by President of Azerbaijan Ilham Aliyev "On additional measures in connection with the resolution of the issue of problem loans to individuals", ONA reports.

The executive director said that the decree noted that according to the contract concluded by credit organizations (except for credit unions), as well as liquidators in the process of liquidation appointed by the Deposit Insurance Fund, related to the devaluation of the surcharge in manats for the main debt on the loan, up to ten thousand US dollars will be paid in manats at the expense of the state budget no later than within three months.

Faig Mahmudov

Tags:

RELATED NEWS