Law on Banks may be amended


September 15, Fineko/abc.az. The bank and the local branch of a foreign bank will provide a copy of the annual financial statements and consolidated financial statements together with the auditor's report to any person free of charge on the basis of his application.

ABC.AZ reports that this was reflected in the proposed amendment to the Law on Banks, which was discussed at today's meeting of the Parliamentary Committee on Economic Policy, Industry & Entrepreneurship.

It is proposed to make similar changes to the Laws on Currency Regulation, on Credit Unions, on Mail, on Accounting, on Insurance Activity, on Non-Bank Credit Organizations, on Investment Funds, on the Securities Market and on Credit Bureaus.