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Action Plan on banking sector: control over doubtful loans to tighten

17.01.2020,12:02


January 17, Fineko/abc.az. The number of events will be organized in the banking sector of the Central Bank of Azerbaijan until the 3rd quarter of 2020. The CBA will also take appropriate measures aimed at toughening control over doubtful loans.

ABC.AZ reports that above-said is covered by the "Action Plan for ensuring the execution of orders arising from the meeting devoted to the results of 2019", endorsed by the order of Prime Minister Ali Asadov.

At the same time, the Plan says that by the end of the year the CBA together with the Ministries of Economy and of Finance has been tasked to take appropriate measures aimed at supporting the real sector of the banking sector, giving business loans and reducing interest rates.

By Elmir Murad