National Bank of the Azerbaijan Republic

of August 30, 2002 No. 02-10/316

To all banks of the Azerbaijan Republic

To you the regulations of the transactions made by banks with fixed assets (property)", approved by board decision of National Bank of the Azerbaijan Republic of August 16, 2002 No. 18 and which underwent state registration in the Ministry of Justice of the Azerbaijan Republic on August 30, 2002 for No. 2907 go for management in work ".

In connection with entry into force of these Rules Items 2.5 void. and 2.6. "Rules of capture by banks on balance and estimates by them of property for unpaid debts", approved by board decision of National Bank of the Azerbaijan Republic of May 5, 2001 No. 15 and undergone state registration in the Ministry of Justice of the Azerbaijan Republic of May 22, 2001 for No. 2691.

Approved by Board decision of National Bank of the Azerbaijan Republic of August 16, 2002 the Protocol No. 18

Regulations of the transactions made by banks with fixed assets (property)

1. General provisions

1.1. This document is prepared according to the laws of the Azerbaijan Republic "About National Bank of the Azerbaijan Republic" and "About banks and banking activity in the Azerbaijan Republic" and establishes regulations of the transactions made by banks with fixed assets.

1.2. Main objective of application of these rules is prevention of excessive concentration of means in illiquid assets for preserving bank liquidity, timely ensuring execution by it of the obligations and non-admission of capital losses.

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