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CB: No ban was imposed on banks regarding limitation of advertisements in retail banking

CB: No ban was imposed on banks regarding limitation of advertisements in retail banking

12 September 2014 15:12 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. Central Bank of Azerbaijan has not given any instruction to commercial banks on limitation of advertisements in the sphere of consumption loans.

Giving instruction to the commercial banks on limitation of advertisements in the sphere of consumption loans is outside the Central Bank’s competence and no instruction or recommendation have been given to the banks.

The Central Bank only controls the banking prudentially to provide stable activity of the banking system, protect interests of bank creditors and depositors.

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