AZN132 million invested in Azerbaijan-based banks in 2020

The restructuring process of Azerbaijan-based banks took place under the “Strategic Road Map on development of financial services” in 2020, Report informs, citing the Central Bank of Azerbaijan (CBA).

According to the CBA, the current capital adequacy of the sector is more than twice as high as the minimum regulative demand.

During the reporting period, the quality of banks’ assets was assessed, results were widely discussed with the bank management, relevant tasks were set. Measures to strengthen and capitalize the banking sector continued to support the crediting. The banks increased the authorized capital by AZN131.7 million in total.