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of July 22, 2022 No. 29/1-1
About approval "Procedure for classification of assets and creation of special reserves for compensation of possible losses"
According to articles 34.2.12 of the Law of the Azerbaijan Republic "About banks" and article 22.0.17 of the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic" the Board of the Central bank of the Azerbaijan Republic DECIDES:
1. Approve "Procedure for classification of assets and creation of special reserves for compensation of possible losses" it (is applied).
2. Repeal the Resolution of the liquidated Chamber on supervision of the financial markets of the Azerbaijan Republic "About approval of "Rules of classification of assets and creation of special reserves for compensation of possible losses" of November 16, 2018 No. 1851100014.
3. Charge to Legal department (Rena Melikova) in 3-day time to provide submission of this Resolution to the Ministry of Justice of the Azerbaijan Republic for entering into the State register of legal acts of the Azerbaijan Republic.
Chairman of the Central bank
Talekh Kazimov
The Resolution of Board of the Central bank of the Azerbaijan Republic of July 22, 2022 No. 29/1-1 is approved
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