Central Bank of Azerbaijan takes measures against "Premiumbank"

The Central Bank of Azerbaijan (CBA) has issued an order obliging "Premiumbank" to fulfil due to improvement of internal procedures.This is reported on the CBA's website. The report says that "Premiumbank" incorrectly calculated the liquidity coverage ratio in foreign currency. Ultimately, its report, submitted to the CBA at the end of January, did not meet the requirements of the regulator's "Rule on Liquidity...

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