Baku, Azerbaijan, Feb. 9
By Anvar Mammadov - Trend:
Negotiations are underway in Azerbaijan to change the requirements for the adequacy of banks' capital, Zakir Nuriyev, head of the Azerbaijan Banks Association, told reporters in Baku Feb. 9.
He said that the Association has already submitted its proposals to the Financial Market Supervisory Authority of Azerbaijan, and the regulator will make the final decision.
Nuriyev noted that the changes envisage increasing the capital adequacy ratio.
Presently, the banks’ capital adequacy ratio must be three percent, according to the requirements of the Financial Market Supervisory Authority of Azerbaijan.