Ukraine, Kiev, 19 May /corr. Trend Z.Novotovski / To improve the quality of the newly created banks, the National Bank of Azerbaijan intends to increase the minimal amount of the authorized capital during their registration.
"We do not happily approach the initiatives of opening new banks, due to which, we currently consider increasing the minimal amount of the required capital of the newly opened banks. Today the normative amount is AZN 10mln or nearly $12mln. Our suggestions will be increased by several times," the Deputy Chairman of the National Bank of Azerbaijan, Rufat Aslanli, briefed the media in Kiev.
Setting an example, he said that of 46 Azerbaijanis banks, 9 are not participants of the deposit insurance system and they do not have the right to attract deposits. "Its our focus group with which we work. We do not welcome replication or increase of such banks," Aslanli said.
In addition, yet the NBA has not completed restructuring the system and does not consider it positive to increase the number of the banks in the country. "We consider it necessary to limit this process in order to stop this boom," Aslanli said, adding that the NBA always welcomes and positively approaches opening of the daughter banks of the known international financial groups in Azerbaijan.
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