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.

October 23, 2024
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