BOARD DECISION OF CENTRAL BANK OF THE AZERBAIJAN REPUBLIC

of February 10, 2014 No. 04/01

About approval of "Regulations of credit risks on one borrower or group of the borrowers connected with each other"

For the purpose of enhancement by the Central bank of the Azerbaijan Republic in the context of global innovative trend of criteria of measurement of the credit risks connected with one borrower or group of the borrowers connected with each other and strengthening of prudential supervision in this sphere the Board of the Central bank of the Azerbaijan Republic according to articles 22.0.17 and 48.1.2 of the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic", and also article 34 of the Law of the Azerbaijan Republic "About banks" decides:

1. Ceased to be valid.

2. "Regulations of credit risks on one borrower or group of the borrowers connected with each other" become effective month later from the date of inclusion in the State register of legal acts of the Azerbaijan Republic. From the date of the introduction of the specified rules in force to recognize invalid approved by board decision of the Central bank of the Azerbaijan Republic of December 29, 2001 (the protocol behind number 26) of "The regulation of credit risks on one borrower or group of the borrowers connected with each other" (The certificate of January 17, 2002 No. 2740), changes in these Rules approved by the decision of August 25, 2006 (the protocol behind number 26) (The certificate of September 26, 2006 No. 3242), the changes and amendments approved by the decision of June 28, 2004 (the protocol behind number 11), (The certificate of July 17, 2004 No. 3069), and also the decision of April 30, 2008 (the protocol behind number 15) (The certificate of May 20, 2008 No. 3395).

3. Charge to Legal department (R. Melikov) to provide within 3 days submission of this decision to the Ministry of Justice for inclusion in the State register of legal acts of the Azerbaijan Republic.

Approved by Board decision of the Central Bank of the Azerbaijan Republic of February 10, 2014 No. 04/01

Regulations of credit risks on one borrower or group of the borrowers connected with each other

Rules are cancelled

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