9 minutes agoExperts: Daggers marked decline, even soft credit conditions (Video)
Periskopi(8 years ago)
(8 years ago)Long-time high credit interest rates have been one of the main obstacles to business development, but in recent years these rates continued to mark a decline from 15 to around 7.2 per cent. However, according to economic experts, there is still a need for a decrease in these bank accounts because businesses [...]
However, according to economic experts, there is still a need for a decrease in these bank tickets because businesses and citizens are very interested in credit-taking.
Leaders of the Kosovo Central Bank say the continued decline in interest rates in credit reflects the continued progress the Central Bank of Kosovo has made in developing financial infrastructure, which has made an important contribution to increasing efficiency in facilitating and managing bank risks.
BEC Governor Fehmi Mehmeti's task leader has said that reducing interest rates in credit has been influenced by the low interest rate rate in deposits, which last year was 1.2 per cent.
He has hinted that these standards would steadily decrease.
Professor at the economic faculty Nagip Skarier has told Kosovo Preris that in recent periods Kosovo has improved Kosovo's business environment and business environment is now more than favourable.
However, according to him, even though these improvements have been made in the business environment are still needed or required by the financial sector to ease business loan conditions because businesses are very interested in credit-taking,
Economist and businessman Kuqim Ajvazi has said that banks are using certain policies, which are focusing on some businesses with different activities, for example, that focus is on production companies, where they offer convenient interest rates, and for other banks offer slightly more convenient credit life expectancy than what they offer.
He added that business today cannot function without credit, and this greatly helps business to get access to finance.
A role in the decline of interest has been played by the Cremary Guarantee Fund, according to him.
Ajvaz hopes that the year 2018 will be a better year for business as well, but at the same time banks will also offer better business conditions because business will constantly need finances, and usually favorable conditions do business to get a good business. /Kosovo pres/
