CBA grants grace period to two banks for improvement of capital
  • ECONOMY

  • 17:51 01 June 2020

CBA grants grace period to two banks for improvement of capital

The Central Bank of Azerbaijan (CBA) has granted grace period to two banks for improvement of capital, said the CBA chairman Elman Rustamov, ONA reports.

He said these banks are "Accessbank" and "Rabitabank": “These banks have been granted grace period for augmentation of their capital. There are some banks whose capital is less than the required amount. But the capital adequacy of these banks is satisfactory. And the CBA provides assistance so that these banks would finalize their capitalization”.

ONA

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