The Mortgage and Guarantee-Credit Fund of Azerbaijan has fully completed the essential organizational arrangements to launch the process of issuing guarantees for loans to entrepreneurs, according to the APA agency. Thus, to date the list of authorized banks and commissions were approved for issuing such guarantees. It should be noted, that for those purposes agreements with 8 banks were initially concluded. At the moment, the consideration of appeals concerning the attraction of new banks is in progress. APA further informs, that Azerbaijani entrepreneurs (individuals and legal entities) can apply to authorized banks for issuing guarantees and subsidized interest rates.

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