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CBA: Bank of Baku continues its normal activity

CBA: Bank of Baku continues its normal activity

05 March 2014 13:00 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Media outlets have recently reported that the license of Bank of Baku will be renounced, said the Central Bank of Azerbaijan.

CBA official said that Bank of Baku’s financial position is stable, liquidity rate is high, capitalization level is adequate: “There is no ground for anxiety of depositors and creditors”.

CBA also noted that Bank of Baku continues its normal activity: “Reports that the bank’s license has been renounced is not true and this issue is not on the agenda”.

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