16:43 - 13.12.2023

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December 13, Fineko/abc.az. The Board of the Central Bank of Azerbaijan has made changes to the Rules for giving loans to banks.

ABC.AZ reports that in this regard, CBA chairman Taleh Kazimov signed a new decision.

Under the decision, the CBA will give loans as a lender of last resort to a bank facing liquidity problems with loans for the period of no more than 6 months, which can be extended for this period only once. At that, in cases of a threat to the stability of financial markets, the CBA Board of Directors will decide on granting a loan of last resort on other terms and for a longer period.

The CBA Legal Department is tasked to submit a new decision to the Ministry of Justice within three days for entry into the State Register of Legal Acts.