Association of Professional Risk Mangers to be launched in Azerbaijan

Business Materials 29 April 2009 14:49 (UTC +04:00)

Azerbaijan, Baku, April 29 / Trend , N. Ismayilova/

The Association of Professional Risk Managers will be officially launched in Azerbaijan by late May, founder and head of the association Rufat Mahmudov said.

"The launch of the association will enable to reduce risks in country's financial sector," Mahmudov said.

The association has already begun cooperation with the IFC, Azerbaijani Central Bank and Global Association of Risk Professionals (GARP).

"The association will not impose restrictions on membership. Azerbaijani banks are interested in membership," Mahmudov said.

The bank employees are being tested. The test results are being analyzed to grant certificates.

There are 47 banks in Azerbaijan.

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