15:20 - 1.10.2024
October 1, Fineko/abc.az. If the Central Bank sees the impact of banks' cashback companies on their financial stability, it can give instructions on optimizing costs, ABC.AZ reports, quoting CBA general director Togrul Aliyev as saying this at a press conference on the report "Financial Stability for the 1st half of 2024".
He added that the loan amounts depend on the banks' business model and are carried out in accordance with their strategies.
"Of course, the Central Bank can instruct banks in the direction of cost optimization if, as a result of the analysis of their profitability, incentives arise that will create threats to financial stability. This step can be taken if an excessive increase in these costs poses a threat to the financial stability of the bank," Aliyev said.
