OREANDA-NEWS. April 29, 2014. The Central Bank of the Republic of Azerbaijan held a broad presentation of new Regulations on assets classification and loan loss provisioning, approved with a view to take into account proactive criteria and apply differential provisioning in regulating credit risks in banks.

Representatives from commercial banks operating in the country and employees of relevant CBA departments participated at the event.

The primary goal of the event was to ensure the correct and effective application of the prudential policy on credit risks by banks. Presenters detailed the participants on the changes to the Regulations and on questions emerged in the implementation of the new prudential framework in banks.