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Almazbek Atambayev notes need to reduce interest rates on credits

Almazbek Atambayev, meeting with the Chairman of the National Bank Tolkunbek Abdygulov, noted the need for measures to reduce interest rates on credits, the Information Policy Department of the Office of the President of Kyrgyzstan reported.

«Since the beginning of the year, the total amount of funds proposed by the National Bank for financing of projects in industry, agriculture, trade, construction, tourism, transport and communications, as well as in the services sector amounted to 3 billion soms. The maximum rate for final borrowers on these loans is set at 12 percent," Tolkunbek Abdygulov said.

Almazbek Atambayev stressed the need for further measures to reduce interest rates on credits and provide the economy with affordable resources to promote long-term economic growth of the country, the presidential office noted.