Azerbaijani banks may directly purchase government bonds

Baku. 12 December. REPORT.AZ/ Banks operating in Azerbaijan are suggested to purchase the government bonds, including notes of Central Bank without brokerage of investment companies.

Report informs, the issue was also discussed last month in the meeting hosted by the Financial Market Supervisory Authority (FIMSA) with representatives of banks, National Deposit Center (NDC) Baku Stock Exchange (BSE) and Azerbaijan Banks Associations (ABA).

Relevant change can be made in this regard to the Law “On securities market” and Civil Code. 

The main purpose is to increase the role of banks in development of capital market.