16:50 - 17.05.2023

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May 17, Fineko/abc.az. Baratali Piriyev, the chairman of board of Günay Bank, whose license was canceled yesterday by CBA’s decision, has commented on the closure of the bank.

ABC.AZ reports that he noted that the decision was made by the state.

"The CBA has justified this. We were warned in connection with the existing problems, small aggregate capital. We were preparing to increase it, on July 5 we planned to hold the next general meeting of shareholders and discuss the increase in the authorized capital."

The CBA has cancelled the license of Günay Bank because of the fact that the total capital of the bank is less than the established requirement - 50 million manats, the adequacy ratio of the total capital is less than 3%, the bank does not carry out its current activities in a prudential manner.

Under the Law on Banks, the license of Günay Bank was revoked, an application was filed to the court for the liquidation of the bank through bankruptcy, as well as temporary administrators of the credit institution were appointed and all powers for its management, including the powers of the general meeting of shareholders of the bank, were transferred.