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Uploaded on Feb 3, 2011

Loans in Belarus to become cheaper for those in need of improved housing conditions.

The basic volume of loans is provided by Belarusbank. And since February 15 it reduces the rate of these loans from 17% to 14.5% per annum. According to Chairperson of the Board Nadezhda Ermakova, maximum terms of consumer loans may be extended from 3 to 5 years.
(Nadezhda Ermakova, Chairperson of the Board of Belarusbank)

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