(Read the full article on Turan.az)

The Central Bank of Azerbaijan has extended the validity period of the tools of temporary regulation of credit institutions until July 1, 2021, Turan reported, citing the Central bank’s report.

We should remind that these tools were supposed to be used until April 1, 2021.

According to Turan, the tools imply reducing the requirement for the total capital adequacy ratio of system banks below 11%, and for other banks – below 9%.

The risk ratio of mortgage loans issued by banks at their own expense is also reduced from 100% to 50%.