ATB chairman: Azerbaijan has very high interest rates on business loans


May 19, Fineko/ Chairman of board of association Azerbaijani-Turkish Businessmen (ATB) Jemal Yangin complained about the high interest rates on loans that banks offer to businesses in Azerbaijan. He also noted that the availability of loans offered by banks to businesses in Azerbaijan is not encouraging.

ABC.AZ reports that Yangin stated this during his speech at the general meeting of the organization.

He added that in order to increase financial accessibility, it is necessary to expand cooperation between banks and ATB member companies.