12:35 - 31.07.2025

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July 31, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) has amended the "Procedure for classifying assets and forming special reserves to cover possible losses", approved by the CBA Board's decision from July 22, 2022.

ABC.AZ reports that the document was signed by CBA governor Taleh Kazimov.

According to the updated rules, when calculating the borrower's losses, his expenses for interests, taxes and depreciation will not be taken into account. In other words, the loss will be determined based on the profit indicator before deducting these expenses, that is, if it turns out to be less than the amount of interest costs or negative, the borrower will be considered unprofitable.

In addition, securities issued by multilateral development banks with the same credit rating as those issued by the Central Bank are now classified as high-quality securities.

The CBA Legal Department has been instructed to submit this decision to the Ministry of Justice within 3 days for inclusion in the State Register of Legal Acts.