BAKU, Azerbaijan, August 19. The Board of Central Bank of Azerbaijan (CBA) approved amendments to the 'rules for calculating the bank's capital and its adequacy' by Resolution No 32/1, Trend reports referring to CBA.
These amendments entered into force in August 16, 2022. The amendment provides for new requirements to further strengthen the financial stability of the banking sector as a whole, including ensuring more responsible and healthy lending, preventing the occurrence of excessive debt of the population, protecting borrowers from potential currency risk and stimulating the intrabank market.
"The new changes will contribute to ensuring and strengthening the financial stability of the banking sector against the background of gradually increasing economic activity in the post-pandemic period, as well as preventing the occurrence of excessive debt of the population, protecting borrowers from currency risk and developing the interbank market," CBA states.