Central Bank of Azerbaijan plans to update non-bank credit regulations for enhancing microfinance competitiveness and supporting small entrepreneurship.

The Central Bank of Azerbaijan plans to update regulations for non-bank credit organizations to enhance the microfinance sector's competitiveness and support small entrepreneurship. Announced by Director General Togrul Aliyev during a conference, the updates will incorporate digital technologies and improve cybersecurity. New rules for credit risk management are also expected, addressing environmental, social, and governance factors to promote sustainable finance.

5 months ago
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