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RESOLUTION OF BOARD OF CENTRAL BANK OF THE AZERBAIJAN REPUBLIC

of October 24, 2022 No. 46/1

About approval of "Procedure for prudential regulation of the credits of project financing"

Based on article 34.5 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 prudential regulation of the credits of project financing" it (is applied).

2. Part 4 of "Procedure for prudential regulation of the credits of the project financing" approved by part of 1 this Resolution (except for subitem 4.1. 2), it is applied after six months from the date of entry into force of this Resolution.

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.

Approved by the Resolution of Board of the Central bank of the Azerbaijan Republic of October 24, 2022, No. 46/1

Procedure for prudential regulation of the credits of project financing

1. General provisions

This Procedure is developed according to article 34.5 of the Law of the Azerbaijan Republic "About banks", and also taking into account standards of Basel Committee on Banking Supervision and determines regulation framework by the credits of project financing in the banks operating in the Azerbaijan Republic, and local branches of foreign banks (further - banks).

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