OREANDA-NEWS. October 7, 2009. The TBC Credit non-bank credit institution has launched gradual reduction of annual interest rates on crediting.

Early 2009, we increased somewhat rates on crediting, Deputy Director of the TBC Credit Ajdar Aliyev said.

“It is, first of all, is connected with that we are not sure that we can attract external crediting, which did not exist practically, and local resources cost too much.

But we succeeded in  overcoming crisis situation better than it was supposed and we started decreasing interest rates on business loans now. Thus, they are on the level of 24-26% against 28% earlier,” A.Aliyev said.

Presently, TBC Credit extends business loans in the amount from USD 15,000 to USD 100,000 for the term of up to 48 months.