CBA official: "Despite tight control on banking sector, some problems arise"

"The failure to fulfil commitments by a financial institution is not a disruption of the financial stability system. The financial stability system is disrupted when a number of financial institutions are unable to fulfil their obligation, said the Director-General of the Central Bank of Azerbaijan (CBA) Ziya Aliyev, Report informs.

"The inability of a bank to fulfil its obligations contagiously affects other banks. Therefore, the control over the sector is tightened. However, despite the tight control, some problems continue to arise," he added.