All assets, restructured until February 23, 2015, cannot be classified as standard ones, and those restructured since February 23, 2015 - as satisfactory ones, according to the amendments.
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CBA changes classification of restructured assets
12 March 2015
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The Central Bank of Azerbaijan (CBA) has changed the classification of restructured assets.
The consequential amendments were made to the “Rules of classification of assets and formation of reserves to cover losses”, approved by the decision of the Chairman of CBA Elman Rustamov.
All assets, restructured until February 23, 2015, cannot be classified as standard ones, and those restructured since February 23, 2015 - as satisfactory ones, according to the amendments.
All assets, restructured until February 23, 2015, cannot be classified as standard ones, and those restructured since February 23, 2015 - as satisfactory ones, according to the amendments.
