12:57 - 26.01.2024

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January 26, Fineko/abc.az. Azerbaijan aims at increasing the volume of business loans in the banking sector to 16.5 billion mantas, developing appropriate corporate governance, transparency and competitiveness, as well as strengthening risk-based regulation and control.

ABC.AZ reports that CBA chairman Taleh Kazimov said about this, when commenting on the Strategy for development of the financial sector for 2024-26, approved today by the institution he heads.

In accordance with the strategy, it is expected to support sustainable development through expansion of affordable and responsible banking services in the banking sector. To this end, it is planned to take measures to expand the banking sector market, increase their role in financing the economy through development of non-bank credit institutions, as well as modernize the control system.