Consumer credit risks of banks being softened in Azerbaijan regarding pandemics

Consumer credit risks of banks being softened in Azerbaijan regarding pandemics
  • Clock-gray 14:17
  • calendar-gray 02 May 2020

Consumer credit risks of banks will be defined with new rules from May 1. 2020 to January 1, 2021 regarding coronavirus pandemics (COVID-19), APA reports.

It has been reflected in the "Temporary regulation rules of credit organizations regarding coronavirus pandemics (COVID-19)", approved by the Board of the Central Bank of Azerbaijan.

According to the decision, 9.3.8.2, 9.3.8.3, 9.3.9.1, 9.3.10.1 sub-articles, and 9.4 article of the "Rules of calculation of bank capital and its adequacy" will not cover risky groups on consumer credits until January 1, 2021.

Ramiz Mikayıloğlu

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