Central Bank: Special capitalization program has been developed for banks not meeting demand for total capital – “Opinions on bankruptcy of banks are populist, irresponsible”

Baku: A special capitalization program has been developed for bank not meeting demand for total capital, said the Chairman of Central Bank of Azerbaijan Elman Rustamov at the discussion of report of the Cabinet of Ministers on activity in 2014 in the parliament.

According to him, in a such type of situation, a decision on closing of the banks would negatively influence the market: “Opinions on bankruptcy of banks are populist, irresponsible. There is no problem in banking system. Banks have sufficiently capitalized. We have taken stabilizing measures and will conduct this policy”.

SOURCE: Azeri-Press News Agency