Economics
Up to 180% per annum interest rates - Central Bank on bank penalties for late loan payments
Tashkent Times is an English language online-newspaper that brings all latest Uzbekistan news

The Central Bank has highlighted that interest rates on bank penalties for overdue loan payments can reach as high as 180% per annum.
In a letter dispatched to commercial banks on January 20
banking regulationhigh interest ratesloan penaltiescentral banklate paymentsborrower protectionexcessive bank chargesfinancial burden

