Stability of banks of Azerbaijan has increased

22:53 - 16.05.2019


May 16, Fineko/abc.az. Azerbaijan Banks Association’s (ABA) president Zakir Nuriyev has informed that the process of recovery of banks, their capitalization, improvement of corporate governance systems and other measures bear long-term nature. Those processes are ongoing, and the most important of these factors are the signed presidential decree on problem loans.

"Currently, the capitalization of banks has increased. At the same time, the stability of banks has increased. Banks again have the opportunity to lend to the economy actively. The banks have formed liquid assets that consist of long-term funds, and banks will be able to spend those funds on loans and long-term loans to small and medium-sized businesses. This will serve to strengthen the capitalization and profitability of banks," Nuriyev stressed.

 

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