By the end of August, Azerbaijan National Bank (ANB) is planning to complete the diagnostic inspections of bank accounts on base of the implementation of the normative requirements of ANB to deliver the joint capital to AZN 6.4 million by July 1, 2006. At the moment, the preliminary working out of the bank data has been completed, the director-general of ANP Rufat Aslanli told Trend.
Besides, the diagnostic investigations have been held, at the present, discussions are being held with banks. Up on their completion, the results will be submitted to the Board of ANB.
As we expected, there were no problems with the implementation of normative. In June, five banks appealed to ANB for time not more than a month to place their emissions. According to the present information, the banks meet intended normative requirements. However, announcing the results requires time to complete all procedures that are expected to be carried out this month, Aslanli said.
According to the schedule confirmed by the board of ANB, the normative requirement defined for 1 January 2007 forms AZN 8.200 million, and for 1 July 2007 not less than AZN 10 mln.