Baku/19.10.23/Turan: "Muğanbank"s licence has been cancelled by the decision of the Board of the Central Bank of Azerbaijan.This was reported by the regulatory body.The report says that this is due to the fact that the total capital of the bank is less than the minimum requirement (AZN 50 million), and its adequacy ratio is less than 3%, it does not carry out its current activities reliably and prudentially, as well as inadequate internal managem...

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