credit risks

Azerbaijan's Central Bank Tightens Credit Risk Assessment Rules

The Central Bank of Azerbaijan has revised its credit risk rules, amending three documents. The new requirements concern asset classification, reserves and risk management in banks.

Azerbaijan's Central Bank Eases Criteria for Assessing Financial Difficulties on Daily Microcredits

Overdue payments exceeding 90 days on daily microcredits will no longer be assessed under the 20% criterion when determining a borrower's financial difficulties. The decision was signed by Central Bank Chairman Taleh Kazimov.

Azerbaijan to Tighten Rules for Remote Consumer Lending from October 1

Azerbaijan's Central Bank introduces new requirements for banks and NBCOs: clients can prohibit remote loan issuance, and funds will be disbursed with a delay.