Unofficial transfer (c) Soyuzpravoinform LLC
of November 15, 2024 No. 46/2
About approval "Procedure for credit risk management in non-bank credit institutions
Based on article 19.1.1 of the Law of the Azerbaijan Republic "About non-bank credit institutions" (further - the Law) and article 22.1.17 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 credit risk management in non-bank credit institutions" it (is applied).
2. Charge to Legal support department of the financial markets to provide in 3-day time 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
Approved by the Resolution of Board of the Central bank of the Azerbaijan Republic of November 15, 2024, No. 46/2
This Procedure is developed according to article 19.1.1 of the Law of the Azerbaijan Republic "About non-bank credit institutions" (further - the Law) and Article 744.3 of the Civil code of the Azerbaijan Republic and determines requirements for credit risk management in non-bank credit institutions (further - NBKO), and also procedure of payments of the actual annual interest rate by the credit agreement.
2.1. The concepts used in this Procedure have the following values:
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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