18:58 - 12.06.2026

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June 12, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) is advancing regulatory and legislative updates to reinforce the institutional capacity of non-bank credit institutions (NBCOs) across the country.

According to ABC.AZ, citing the CBA’s annual performance brief, progressive amendments to sector-specific laws are being evaluated in alignment with the regulator's "Strategic Framework on Microfinance Model" for gradual phased implementation.

Key structural developments in the NBCO sector include:

• External Audit Directives: The CBA has officially approved new regulations establishing minimum requirements for external audits within NBCOs. This regulatory update dictates precise auditor selection criteria, the mandatory scope of financial reviews, and structural alignment parameters with internal audit workflows.

• Corporate Governance Standards: A fresh draft mapping out corporate governance standards tailored specifically for NBCOs has been formulated. Following comprehensive roundtable evaluations with sector stakeholders, the normative framework is now awaiting final executive approval by the Central Bank.