Bank Of Baku

New evaluation rules may be employed in Azerbaijan’s banking system

New evaluation rules may be employed in Azerbaijan’s banking system
# 08 June 2011 11:11 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Evaluation rules may be employed inn Azerbaijan’s banking system, soon, Head of Supervision Department at Central Bank of Azerbaijan Rustam Tahirov told APA.

According to him, evaluation of property, left as deposit in banks, by independent evaluators is one of the main issues of CBA on the agenda: “According to current practice, the banks evaluate the deposit property via their specialist or independent evaluator. At present, CBA does not require from the lending organizations to conduct the evaluation by independent evaluator, because there is not concrete rules on this issue”.

He noted that, CBA may employ evaluation rules, recently.
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