loans

Debts of 500,000 Kazakhs to be wrote off

  Kazakh President Kassym-Jomart Tokayev said he will write off bad loans held by as much as a sixth of the central Asian country’s population, while signaling a sharp change in policy to end costly state …

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ADB providing loans to rural households in Georgia

The Asian Development Bank (ADB) is providing a 60 million Georgian lari ($22.3 million) loan and a $500,000 technical assistance grant to Georgia's Credo Bank to launch new products including home improvement and mortgage loans to lower …

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Russians cannot get out of debt?

The Russians scored a record number of loans in 2018. The average debt burden of Russian families increased from 22% to 27%.  Russian people's current total debt is 14.86 trillion rubles. According to the …

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Georgia trying to contain banks

An unexpected ally of the government in this process was the main opponent of the current authorities, former President Mikhail Saakashvili

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Loan history of Russians to no longer be a mystery

The banking community under the auspices of the 'Russia' association sent a letter to the Russian Central Bank with a request to cancel a consent of the Russians to a request to loan bureaus in some cases. …

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ADB postpones allocating $200m for North-South project

The Asian Development Bank (ADB) postponed its decision on allocating a $200 million loan for implementation of the International North-South Transportation Corridor project. Earlier, an ADB mission was expected in Azerbaijan on …

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Russia to provide €2.2 billion loans to Iran

Russia will extend a €1.2 billion government export credit to Iran in order to finance construction of a thermal power plant (TPP). The Iranian side will use borrowed funds to cover 85% of 1.4 MW TPP construction price. …

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EBRD to provide Armenia with €14.6 million loan

The European Bank for Reconstruction and Development (EBRD) is financing a street rehabilitation program in Gyumri, the second largest city in Armenia, with a €14.6 million sovereign loan, Arka.am reports. The financing will fund …

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Azerbaijan suspends issuance of foreign currency loans

Azerbaijani banks suspended the issuance of consumer loans in foreign currency today, the Financial Market Supervisory Body of Azerbaijan said. The decision to set new regulatory frameworks within a month was made during the meeting of …

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Golodets: expensive loans stifle Russian economy

Excessively high lending rates have a restraining influence on the development of the Russian economy, the Deputy Prime Minister of Russia, Olga Golodets, said. "Probably, today it is difficult to find any man who …

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