Azerbaijan, WB eye non-performing loans issue
By Trend
The Financial Markets Supervision Chamber of Azerbaijan and the World Bank (WB) have discussed an action plan for reforms in the field of banking supervision, the Chamber reported on November 7.
During the meeting, Rufat Aslanli, chairman of the Board of Directors of Azerbaijan’s Financial Markets Supervision Chamber, and Angela Prigozhina, WB private and financial development sector leader, also discussed the issue of non-performing loans and deposit insurance, according to the report.
The sides outlined the challenges ahead within the framework of ensuring financial stability and the corresponding action plan covering the reforms in the spheres of supervision, regulation and law.
Azerbaijan joined the WB Group in 1992.
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