CBA developed ‘Rules on Sustainable Capital Requirements for Investment Company’
In the ‘National Action Plan for Strengthening the Anti-Corruption Fight for 2022-2026’, the Central Bank of Azerbaijan (CBA) has released a report on the implementation of the 2023 work plan for the implementation of appropriate measures.
The document said that the organisation has developed ‘Rules on Sustainable Capital Requirements for Investment Company’.
The rules are designed to strengthen transparency in the private sector, improve capital adequacy requirements in market, credit and operational risks of investment company activities in line with international practices. Finalization work on the project is currently underway.
Finance
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The Central Bank of Azerbaijan (CBA) has issued mandatory instructions to 'Cibpay', 'PulPal' and 'MAX Sistemleri Plus' in accordance with the Law on 'Payment Services and Payment Systems'.This is reported on the Central Bank's website.
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Branches and outlets of banks of Azerbaijan, as well as branches of 'Azərpoçt’ company of the Ministry of Digital Development and Transport and currency exchange offices will work on non-working days from 30 December to 5 January.This was reported in the Central Bank of Azerbaijan.
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Investment company 'ABB-Invest', a subsidiary of state-owned International Bank of Azerbaijan, has purchased state bonds of Turkey.This was announced by chairman of the board of the National Depository Centre (NDC) Agahuseyn Khudaverdiyev on December 28.
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In January-November 2024, Azerbaijani banks concluded 3,365 deals in national currency for AZN 94.4 billion on 'Bloomberg' platform.
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