Baku, Azerbaijan, March 12
By Azad Hasanli - Trend:
French Rothschild & Cie Banque will provide financial consulting services to the Central Bank of Azerbaijan (CBA), Trend reports with reference to the CBA.
The relevant strategic cooperation agreement was signed by CBA Chairman Elman Rustamov and Rothschild & Cie Banque CEO Arielle Malard de Rothschild.
Under the agreement, cooperation will cover several strategic directions.
Current status of and the main factors influencing the banking sector will be assessed, business models of leading banks will be reviewed in line with the scoring methodology, and recommendations will be issued on critical measures to boost financial resilience of the banking sector and complete restructuring.
Comprehensive assessment of the interbank, capital and debt markets, market participants, procedures and infrastructure, products, chances for banks to participate in international debt and capital markets will be maintained.
Financial tools and markets in the national currency, their development outlook, the role of financial institutions, options for strengthening cooperation between local and international clearing and deposit organizations will be reviewed to be followed by recommendations.
The measures in question to be realized in light of best practices will contribute to realization of the targets set for deepening and development of capital and money markets, making the banking sector financially more resilient, and amplifying the role of the financial sector in economic growth.