SWIFT warns of growing cyber-attacks on banking sector (13 December 2016 18:34)
Azerbaijani IT company wins World Bank tender in Kazakhstan (12 December 2016 13:46)
UK company Baron Oil found 885 million barrels reserves in Peru offshore block (06 December 2016 19:46)
Date: 7 January 2016 10:52
Baku, Azerbaijan, Jan. 7
The Central Bank of Azerbaijan has changed the reservation rates for poor and risky assets of banks.
In order to neutralize the impact of macroeconomic risks on the banking sector within the framework of countercyclical prudential regulation of the sector and support for financial stability, the central bank has lowered the reservation rate for poor assets to 25 percent, and the reservation rate for risky assets - up to 50 percent.
Previously, the reservation rate for poor and risky assets was 30 percent and 60 percent, respectively.
Story still developing
Follow us on Twitter @TRENDNewsAgency