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CBA chairman: Azerbaijan’s banking sector stable (UPDATE)

Economy Materials 19 January 2016 14:47 (UTC +04:00)
Banking sector in Azerbaijan is stable in general and is characterized by high indexes,

Details added (first version posted on 14:15)

Baku, Azerbaijan, Jan. 19

By Maksim Tsurkov - Trend:

Banking sector in Azerbaijan is stable in general and is characterized by high indexes, the chairman of the Central Bank of Azerbaijan Elman Rustamov said Jan.19.

He made the remarks during the meeting of the parliamentary committee on economic policy.

He went on to add that at this stage, Azerbaijan needs to neutralize the shocks caused by the state of global economy.

He said that in the whole, banking sector of the country is stable.

"Except for one or two banks with weak performance, the level of capital and liquidity is high," he said. "We don't deny that there are some problems as well. But the situation is under control, and the proposed bills will create conditions for more efficient and flexible management."

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