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Azerbaijan’s Central Bank undergoes structural reorganization

Economy Materials 7 January 2025 11:09 (UTC +04:00)
Azerbaijan’s Central Bank undergoes structural reorganization
Sadig Javadov
Sadig Javadov
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BAKU, Azerbaijan, January 7. The Central Bank of Azerbaijan (CBA) has undergone structural changes, Trend reports, citing the CBA.

As part of the reorganization, the department responsible for supervising credit institutions has been abolished, and two new departments have been created: the Department for Supervision of Banking Activities and the Department for Supervision of Non-Banking Credit Institutions. Samir Rzayev has been appointed as the director of the first department, while Khayyam Ismayilov has been appointed as the director of the second.

Additionally, Orkhan Abdullayev has been appointed as the new director of the Financial Monitoring Department, a position previously held by Samir Rzayev.

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