13:07 - 31.03.2020

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March 31, Fineko/abc.az. A program of support for newly-given loans has been prepared.

ABC.AZ reports that the relevant statement was made by Economy Minister Mikayil Jabbarov, when commenting on the new programs in the field of economic support in broadcast Hədəf of TV channel AzTV.

The minister noted that the government wants to encourage the revival in the banking sector and continue financing the real sector: "The second large program is designed for new loans. Lending to the banking sector and the real sector has always been our priority. Here, the main goal is to provide a governmental guarantee of up to 60% of the loan amount with state support, while the maximum interest amount of such loans should not exceed 15% per annum. 50% of those 15%, i.e. 7.5%, can be undertaken by the National Entrepreneurship Support Fund."

By Elmir Murad