Azerbaijan, Baku, Aug. 22 /Trend A.Akhundov /
Azerbaijan's Central Bank has developed a classification of consumer loans, which is reflected in the new draft rules for the classification of assets and reserves to cover potential losses, the Central Bank told Trend on Thursday.
Current rules do not include the classification of consumer credits.
According to the new version of the rules, consumer loans include the credits for covering current expenses, loans for household needs, car loans, and credit cards.
According to the classification of consumer loans, satisfactory assets include the loans, on which principal and interest payments are carried out, in accordance with the loan agreement or with a delay of up to eight days.
The controlled assets include the loans with a delay of eight to 30 days, unsatisfactory assets include the loans with a delay from 31 to 60 days, dangerous assets - the loans with a delay from 61 to 90 days, bad assets - those with a delay for more than 90 days.