Increase of CBA authorized capital aims reforming banking sector?

Increase of CBA authorized capital aims reforming banking sector? A decision to increase the authorized capital of the Central Bank of Azerbaijan is expected to raise its liquidity. President Ilham Aliyev issued on November 25 a decree to approve the amendments to the law ‘On the Central Bank of Azerbaijan’ for increasing the bank’s authorized capital from current 10 million manats to 500 million manats. Increase of the bank’s authorized capital is part of reforms... Read More

Manat consolidates?

Manat consolidates? “The European Central Bank has made a decision.” The European Central Bank has made a decision. Deposit rate on deposits was reduced from -0.2% to -0.3%. Oxu.Az reports that the statement came from the economic expert Vugar Bayramov. “Contrary to the expectations of foreign investors, the main bank of the European continent has announced its not very aggressive policy. The unexpected decision of the above-mentioned bank in the true sense of... Read More