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IMF urges regulators to help problematic banks in Azerbaijan

IMF urges regulators to help problematic banks in Azerbaijan

15 September 2016 09:16 (UTC +04:00)

Baku – APA-Economics. The banking system of Azerbaijan needs to be closely monitored, the International Monetary Fund (IMF) reported.

The Directors were encouraged by ongoing efforts to close non-viable banks, and recommended further prompt actions to bolster financial sector resilience. They urged the authorities to move ahead with the restructuring of the largest state bank with a view to its privatization, and address the problems in the rest of the banking system.

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