![Demir Bank Prepares Package of Incentives and Proposals for Borrowers](https://turan.az/resized/./turan-750-500-resize.webp)
Demir Bank Prepares Package of Incentives and Proposals for Borrowers
JSC Demir Bank has prepared a package of incentives and proposals for borrowers in dollars and manats.
The bank reports that it is done as a result of borrowers' applications and to facilitate the return procedures.
The bank’s initiative applies only to consumer and micro loans and not only in dollars, but also manats.
Loans in dollars enjoy the following benefits:
1. In the monthly repayment of a loan in the amount of not less than 60% penalty interest is not charged.
2. The borrower receives a 15% discount in case of early repayment of a loan, the term of which ends on February 29.
3. Customers, who have received a loan of up to 20,000 dollars, are proposed to restructure the loan balance by 10% in the case of preservation in the previous volumes of monthly payments.
As for loans in manats, in case of payment of 20% of the outstanding amount, the customer receives a proposal to increase the repayment period by up to 1.5 times.
Benefits and proposals also cover credit lines. -0-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review