Azerbaijan can begin to regulate interest rates on loans
By Trend
Azerbaijan’s Financial Market Supervisory Authority (FIMSA) may start regulating the upper levels of interest rates on loans, a source in the Azerbaijani Parliament told Trend.
This is provided for by the amendments to the Law On Banks, which was discussed today by Azerbaijani MPs at a meeting of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship.
As stated in the parliament, a decision could be made to optimize the cost of loans and protect the rights of borrowers.
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