Central Bank’s indication in connection with Premium Banking

16:50 - 26.02.2024

February 26, Fineko/abc.az. The Central Bank has issued a "mandatory order" in connection with Premium Bank OJSC.

ABC.AZ informs that according to the Central Bank, as a result of incorrect calculation of the liquidity coverage ratio in foreign currency by Premium Bank, the report submitted to the CBA at the end of January indicated that the Central Bank did not satisfy the requirement to keep the Central Bank in excess of the limit set by paragraph 7.2 "Rules for managing liquidity risk in banks", guided by requirements of Article 47 of the Law on Banks, the Central Bank or in connection with improvement of internal control systems in this area, a mandatory order was issued.

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