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Khagani Abdullayev: â€œDecrease of Azerbaijan-based banksâ€™ YTM is the result of careful credit policyâ€

Khagani Abdullayev: â€œDecrease of Azerbaijan-based banksâ€™ YTM is the result of careful credit policyâ€

28 June 2012 14:06 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Decrease of Azerbaijan-based banksâ€™ YTM is the result of careful credit policy, said the Deputy Chairman of Central Bank of Azerbaijan Khagani Abdullayev.

According to him, after global financial crisis, Azerbaijanâ€™s banking system increased by approximately 10 times and the banks started to approach carefully to credit policy: â€œThis is also CBAâ€™s requirement as regulator. Refreshing of requirements of Basel Committee, providence of credit growth with relevant financial reserves and application of serious growth in risk management will cause to conduct crediting in strong basis. This will give rise to decrease of interest ratesâ€.

He also noted that, Azerbaijanâ€™s banking system had sufficiently high financial reserves.

Capital adequacy is 16-17%, but the minimum requirement is 12%. Approximately, half of the assets are liquid assets.

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