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Weekly review of main events in financial market of Azerbaijan

Finance Materials 29 August 2022 09:09 (UTC +04:00)
Weekly review of main events in financial market of Azerbaijan
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, August 29. Last week it became known about the discussion on further cooperation between the Central Bank of Azerbaijan (CBA) and Astana International Financial Centre (AIFC), Trend reports.

In addition, MasterCard in cooperation with CBA is carrying out large scale work to expand non-cash payment in the regions of Azerbaijan.

Furthermore, last week Google Pay was launched in Azerbaijan. The first banks that launched Google Pay were PASHA Bank, Bank Respublika, International Bank of Azerbaijan, Kapital Bank, RabitaBank, Leobank and UniBank.

The strategy for development of non-cash payments 2021-2023 implemented by the CBA, provides for adoption of the bill on payment services and payment systems, the introduction of the ISO 2002 standard, the preparation of unified API standards, and the creation and commissioning of the Know Your Customer (e-KYS) electronic system.

Also, last week Fitch Ratings international rating agency has confirmed the rating of a company operating in Azerbaijan.

Thus, the rating of Coca-Cola CCI Azerbaijan has been confirmed at the level of 'AAA', the rating forecast is 'stable'.

The rating of Coca-Cola CCI Azerbaijan is supported by company's strong credit profile, leading positions in key markets, a stable structure of sector of non-alcoholic drinks and strong capital structure.

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