Azerbaijan, Baku, Dec. 1 /Trend, N.Ismayilova/
The public postal operator of Azerbaijan - Azerpoct may be granted permission to accept deposits in the long-term outlook, said the chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov.
"According to world experience, in the initial phase of providing financial services, the funds of the postal organizations can not be placed by issuing loans, but investing in securities to transfer its resources to more healthy financial institutions, and thereby obtaining revenue, Rustamov said. - Benefit of the Government in this case will be to attract additional resources."
According to him, the postal operator may begin loan operations after the completion of preparatory work and bringing their risk management to the required level. "As international experience shows, it is a long process," said the CBA head.