Baku, Azerbaijan, Nov. 23
Trend:
The Central Bank of Azerbaijan (CBA) denied the allegations that it did not conduct an inspection on the financial condition of Bank Standard.
First Deputy Chairman of CBA Alim Guliyev told reporters on Nov. 23 that the Central Bank carried out inspections before the adoption of the law on inspections of entrepreneurial activities.
After the adoption of the law, inspections were suspended, added Guliyev.
Earlier, Chairman of the Creditors Committee of the closed Bank Standard, lawyer Akram Hasanov accused the Central Bank of not fulfilling its obligations to inspect the financial condition of Bank Standard.