Fifteen out of the 32 banks failed to release a report for the IV quarter, while according to the law, they must do so no later than one month after the end of the quarter, the banking expert Akram Hasanov said.
On his profile on Facebook, the expert said that those who made reports made several infringements without specifying the date of publication of the report, or publishing an incomplete report.
“Banks hiding their reports cannot be trusted and should not be stored money. Banks, which were closed in the past year, constantly hid their reports,” he said.
At the same time, Hasanov noted that the credibility of the banks which issued reports is also conditional, as the Financial Markets Supervision House reports that some banks publish distorted reports.
“For example, there is a bank that publishes reports and expresses its profitability, but cannot return deposits for months,” the expert said.
Hasanov said that if banks hide their reports, their advertising on the capital increase and other successes is nothing but verbiage. ----71D
Economics
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