17:27 - 5.06.2024

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June 5, Fineko/abc.az. Life insurance of individuals receiving consumer loans in Azerbaijan creates conditions for solving the problems of guarantees.

ABC.AZ quotes the president of the Association of Banks of Azerbaijan (ABA), Zakir Nuriyev.

"Today, your colleagues are also asking you to become a guarantor for a particular debt. Then you just tell them to insure your life, then you can easily get a loan. This gives an impetus to development of relations between our citizens. The issue of surety is quite problematic. Now we will solve this problem with this tool," he said.