RIGA - There is no reason to blame only banks or only entrepreneurs for insufficient lending by banks, the president of the Bank of Latvia, Martins Kazaks, told LETA.
"There is no one silver bullet to solve this problem. Therefore, the main task is for the whole sector to come together, find weaknesses, correct them and then the economy can expect much faster growth in lending. There is no reason to blame only banks or only entrepreneurs," Kazaks said.
He also expressed hope that the next business cycle, when the economy resumes growth, will h...
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