BAKU, Azerbaijan, July 31. The Baku branch of the National Bank of Iran (Bank Melli Iran) is working to implement the recommendations provided by the Central Bank of Azerbaijan, CBA Director-General Toghrul Aliyev said at a press conference, Trend reports.
“The CBA is overseeing the supervisory processes for Bank Melli Iran. Currently, the branch's financial stability indicators do not pose any threat to its customers. Efforts to address the remaining indicators are ongoing,” he noted.
To note, a year ago, CBA restricted the activities of the Baku branch of Bank Melli Iran, suspending all banking operations (such as deposit taking and loan issuance) except for money transfers from accounts.
Efforts to restore the branch's operations are ongoing.
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