Central Bank recommends banks assist dollar-indebted customers

  26 December 2015    Read: 1470
Central Bank recommends banks assist dollar-indebted customers
The Central Bank
The Central Bank was represented by its Director General Rashad Orujov and banks by the chairmen of their boards of directors.

At the meeting, participants discussed the sudden increase in problematic assets of banks after manat`s devaluation and the consolidation process in the banking sector.

Banks are recommended to assist dollar-indebted customers. Directors were also assured that they will be aided.

Orujov recommended banks restructure the loans of dollar-indebted customers, noting that the consolidation process in the banking sector is accelerating.

Furthermore, banks are recommended to put on sale more products with manat and to develop programs of individual development.

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