capital

Moody's: Higher Capital Requirements Strengthened Resilience of Azerbaijan's Banks

Moody's notes that higher capital requirements have strengthened the resilience of Azerbaijan's banks. Full compliance with Basel III standards is expected by 2027.

CBA Issues Directive to Algoritma LLC

The Central Bank of Azerbaijan has issued a binding directive to Algoritma LLC to address violations of minimum total capital requirements and improve internal control systems.

VTB (Azerbaijan) Posts Decline in Profit and Deposits in First Half

VTB (Azerbaijan) reported a net profit of 5.826 million manats for the first half of 2024, down from 6.319 million manats a year earlier.