On November 24-25, 2016 the first Banking Forum “Development of banking system in post-oil period: new challenges and perspectives” was held by Azerbaijan Banks Association. More than 350 people, including senior management of regulatory and supervisory authorities on finance and economy, CEOs of commercial banks, heads of business and public organizations, representatives of international […]
The license of one of the largest banks of Azerbaijan -JSC “Bank Standard” was canceled. This decision was takenby the Financial Markets Supervision Authority of Azerbaijan. The depositors whose deposits were insured are promised repayment. “The Board of Directors of the Chamber at the extraordinary meeting on Friday decided to cancel the license of the bank,” […]
Azerbaijan Deposit Insurance Fund has informed about its advantages for depositors storing theirs deposits in the national currency. ADIF reported that since 16 September the maximum annual rate on insured deposit in the national currency increased from 12% to 15%. The decision was adopted by Supervisory Board of ADIF with the approval of Azerbaijan Central […]
In accordance with the decree of the Board of Directors of the Financial Markets Control Chamber dated 21 July 2016, banking licenses of “Dekabank” OJSC “Kredobank” OJSC, “Parabank” OJSC and “Zaminbank” OJSC have been canceled.
First meeting of the Expert Group on Development of mortgage program was held.
