16:26 - 1.07.2021

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July 1, Fineko/abc.az. The Central Bank of Azerbaijan has made a decision to extend the package of additional measures to support the financial sector introduced in connection with the coronavirus pandemic.

ABC.AZ was informed at the CBA that in accordance with Decision #19 of the Board of the Central Bank from 30 June 2021 in order to protect the interests of individuals and legal entities affected by the pandemic, in the context of gradual recovery of economic activity, against the background of the weakening of quarantine measures in various sectors of the economy, the deadline for recommendations to credit institutions on non-deduction of penalty interest, as well as penalties and other fines, in order not to worsen the credit history of borrowers due to overdue credit obligations, has been extended until 1 October 2021.