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Elman Rustamov: "The situation in the banking sector is stable"

Elman Rustamov: "The situation in the banking sector is stable"

21 December 2015 19:23 (UTC +04:00)

According to him, if in the international practice, the figure is 8%, in the Azerbaijani banking sector - 17%.

"Liquidity of banks is more than twice the regulatory requirement of the Central Bank. From this perspective, our banking system is stable. We regularly conduct stress tests of the banking sector. The results show that even with a floating regime, the banking sector demonstrates stability. There is no danger for investors, I say it with full responsibility. Overall, 80% of deposits placed in foreign currency and are immune to the change of rates, "said. Rustamov said.

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