In accordance with the amendments, the period for which the loan may be issued mustn’t exceed six months. At the same time, despite the fact that the Central Bank of Azerbaijan will be considering questions on issuing such loans after the application of the supervisory authority over financial markets, the bank itself will make a decision to issue the loan in two days’ time.
Currently, the Central Bank of Azerbaijan can allocate loans to banks, including the subordinated ones in the order and under the conditions specified by the bank itself in order to ensure stability of the banking system, protect the interests of creditors and depositors of banks.
More about:
