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.
Finance
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It has been 25 years since the beginning of the partnership between Azerbaijan and the Asian Development Bank (ADB). According to the Ministry of Finance, on this occasion, the president of the bank Masatsugu Asakawa visited our country.
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The auction for placement of interest-bearing, unsecured, undocumented, registered bonds (the next batch) of "Kapitalbank" with the code AZ2011005157 ISIN in the amount of 50 million manats and circulation period of 1 year has ended at the Baku Stock Exchange (BSE). This is reported by the BSE.
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As of the end of May2024, Azerbaijani banks had assets worth AZN 49,147.5 million. This is stated in the banking review published by the Central Bank of Azerbaijan.
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