Some banks have problems with financial performance in Azerbaijan, but they are not systemically important banks, Chairman of the Central Bank Taleh Kazimov said at a press conference on changes in the parameters of the discount rate, Report informs.
“Currently, we are working with these banks. I consider the general condition of the financial sector to be satisfactory. The quality of the sector’s loan portfolio is also satisfactory. The share of non-performing loans in the portfolio is only 3.7%. If you ask me if I am satisfied with the general condition of the financial sector, I will answer “no.” I would like the participants of the financial sector to introduce more best practices in the field of risk management and corporate governance,” Kazimov stressed.