
CBA sees no problems in "Nakhchivanbank" closure
CBA sees no problems in "Nakhchivanbank" closure
Reorganisation of the only regional bank of Azerbaijan - "Nakhchivanbank" into a non-banking credit organisation (NBCO) "E-kredit" bank does not pose a threat to the bank's creditors, including its depositors.
The Central Bank of Azerbaijan (CBA) said in a statement.
"According to the latest report, "Nakhchivanbank" has no financial difficulties, its assets make it possible to fully fulfill obligations to all physical and legal entities. The specific weight of the bank in the sector is 0.24% on assets, including 0.04% on loan portfolio and 0.003% on liabilities. "Nakhchivanbank will soon fulfill its obligations to depositors and other creditors based on the plan adopted pursuant to the rules," the statement said.
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- Markets Review
- 28 June 2024 10:50
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- Finance
- 28 June 2024 11:09
Finance
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