Azerbaijan may introduce restrictions on bank loan interest rates

15:37 - 4.04.2019

April 4, Fineko/abc.az. Azerbaijan may introduce the new rules for setting the interest rates on bank loans.

Ayten Mammadova, the head of the Risk Management Department of the Financial Market Supervision Authority (FIMSA), said that the Authority is considering the possibility of limiting interest rates on bank loans.

"Interest rates on bank loans are quite high, but the current legislation does not allow the regulator to limit rates. Now FIMSA is considering the matter of introduction of restrictions on interest rates on loans. The issue is only at the stage of discussion," Mammadova said.

 

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