Baku 18° C
73% loan collateral in Azerbaijan is real property
Finance
- 05 April, 2017
- 13:40
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 5 April. REPORT.AZ/ 73% of loan collateral in Azerbaijan is real property, 27% - movable property.
Report informs, Deputy Head of the Department of entrepreneurship development policy at Ministry of Economy Jeyhun Isayev has said at “Encumbrance of movable property reform: survey results and next steps " conference organized by Azerbaijan Banks Association (ABA) and the International Finance Corporation (IFC).
According to him, the adoption of the law "On movable property encumbrance" is crucial in order to change this ratio: “After adoption of the law loan collateral by banks will increase 2-fold. It also means the improvement of the position of Azerbaijan in the international arena."
Author
Latest News
23:52
Georgian PM says opposition alliance had no prospects
Region
23:47
Photo
Azerbaijan's Victory Day celebrated in Ankara
Foreign policy
23:29
Photo
Video
Sites of Memory of Western Azerbaijan: Traces of Azerbaijani Heritage in Saral Village
Domestic policy
23:06
Eight killed, three injured in four-vehicle crash in Armenia
Region
22:39
Reuters: US billionaire leads securities swap plan to buy Lukoil's overseas assets
Other countries
22:18
Kobakhidze says Georgia seeks European integration with dignity
Region
22:07
Greenland parliament ratifies US security agreement
Other countries
21:34
Baku's private house prices rise 13.2% in October
Infrastructure
21:11
Azerbaijan, Latvia hold consular consultations in Riga
Foreign policy