Crediting of electric cars and hybrid cars is started in a new way

The "Rule on prudential normative and requirements related to credit risks, including large credit risks" approved by the Central Bank of Azerbaijan will enter into force on October 1.

Qazet.az reports" informs that this was stated by Samir Rzayev, the deputy director of the credit institutions' activity control department of the institution.

It should be noted that according to the Regulation, those who want to buy an electric car with a production history of less than 3 years in Azerbaijan will make an initial payment of 10% of its value. For crediting electric cars with a production history of more than 3 years, the initial payment requirement will be 40%.