16:09 - 29.04.2022

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April 29, Fineko/abc.az. MP Vugar Bayramov has commented on the high cost of loans given by Azerbaijani banks.

ABC.AZ reports that MP noted that in order to reduce loan interests, it is necessary to strengthen competition in the banking sector, the gradual transition from conservative policy to liberal policy in this sector:

"A base can be formed to strengthen competition, lower interest rates on loans. In all cases, it is necessary for the Central Bank to take more systematic measures to optimize interest rates and increase the availability of loans.”