Baku / 31.05.17 / Turan: Azerbaijan needs a law on protection of creditors' rights, Zakir Nuriyev, Chairman of the Association of Banks of Azerbaijan, believes.In his words, besides this, it is necessary to create a guarantee fund of loans issued by banks. Nuriyev believes this fund should assume part of the responsibility for annual interest rates."Currently, the interest rate for insured deposits is 15%. Together with the banks" margin for insu...

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