BAKU, Azerbaijan, November 17. A complete of 55
p.c of the banks’ mortgage portfolio consists of enterprise loans,
First Deputy Chairman of the Central Financial institution of Azerbaijan (CBA)
Rashad Orujov stated at a gathering of the committee of the Milli
Majlis (Parliament) on financial coverage, business and
entrepreneurship, Pattern reviews.
Orujov famous that shopper loans make up 30 p.c of the
banking sector’s mortgage portfolio, and the remaining 15 p.c are
mortgage loans.
As well as, he stated that the monetary and banking sectors play
an essential function in making certain financial development.
“The CBA along with the Ministry of Financial system of Azerbaijan and
the banking sector over the previous interval outlined a technique to
improve the function of banks in making certain financial development. It gives
for measures to remove present limitations within the path of
provide and demand, enhance entry of financial brokers to loans. We
are at present engaged on a brand new technique for the event of the
monetary sector. In all probability, by the tip of the yr, the work on the
technique will probably be accomplished,” he stated.
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