Financial Market Control House Violates Rights of Pensioners
Azerbaijan has suspended the issuance of consumer loans for pensioners, on which the Financial Market Control House (FMCH) informed on 21 April.
This is reportedly associated with problem loans – the retired officially belong to the poor. By January 1, about 1.3 million pensioners received the average labor pension of 176.03 AZN and the average old-age pension of 196.08 AZN.
According to Turan’s experts, this is blatant discrimination of the entire social layer, because the banks themselves are to decide to issue a loan to the client or not. Among the retired there are quite solvent people. Moreover, in view of such a ban the opportunity of the elderly, especially single people, to receive credit for the restoration of their health or the solution of urgent domestic problems will be narrowed. --17D-
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- Social
- 23 April 2016 14:12
Economics
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