Now making out a cash credit with Bank Respublika, it has become possible to decide the annual interest rate and the fee for the loan.
As reported in the bank, part of the commission that is paid by the client at the time of processing the loan may be included in the total annual interest rate, which will reduce the cost to consumers at the time of loan processing.
This possibility is being considered for commissions of at least 2% and not more than 4%, a 2% commission may be credited in favor of the basic annual interest rate on the request of the recipient.
Also, this is an opportunity for the recipients of micro and agro loans with flexible 1% commission.
One of the important advantages of loans with Bank Respublika is the ability to repay the loans, without leaving your home - through a wide network of ATMs, internet and mobile application "Mobile Bank". -15D -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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