Consumer credit risks of banks being softened in Azerbaijan regarding pandemics
  • ECONOMY

  • 14:53 02 May 2020

Consumer credit risks of banks being softened in Azerbaijan regarding pandemics

Consumer credit risks of banks will be defined with new rules from May 1. 2020 to January 1, 2021 regarding coronavirus pandemics (COVID-19), ONA reports.

It has been reflected in the "Temporary regulation rules of credit organizations regarding coronavirus pandemics (COVID-19)", approved by the Board of the Central Bank of Azerbaijan.

According to the decision, 9.3.8.2, 9.3.8.3, 9.3.9.1, 9.3.10.1 sub-articles, and 9.4 article of the "Rules of calculation of bank capital and its adequacy" will not cover risky groups on consumer credits until January 1, 2021.

Ramiz Mikayıloğlu

Ramiz Mikayıloğlu

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