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Central Bank of Azerbaijan plans to sign agreement with int’l consulting company

Economy Materials 28 January 2022 16:18
Central Bank of Azerbaijan plans to sign agreement with int’l consulting company

BAKU, Azerbaijan, Jan. 28

By Sadraddin Aghjayev - Trend:

The Central Bank of Azerbaijan plans to sign an agreement with McKinsey international consulting company in February 2022 on the creation of a new model for the development of financial institutions in Azerbaijan, Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov said at a press conference, Trend reports.

Rustamov added that this agreement will affect not only Azerbaijani banks but also insurance companies and other financial structures.

“I can say that new management methods, a different ecosystem will be created, the problems of banks and the ways to solve them will be considered, a strategy for the development of financial institutions upon a new model will be prepared within this document,” Rustamov said.

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