(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Jan. 28
By Sadraddin Aghjayev - Trend:
The Central Bank of Azerbaijan plans to sign an agreement with McKinsey international consulting company in February 2022 on the creation of a new model for the development of financial institutions in Azerbaijan, Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov said at a press conference, Trend reports.
Rustamov added that this agreement will affect not only Azerbaijani banks but also insurance companies and other financial structures.
“I can say that new management methods, a different ecosystem will be created, the problems of banks and the ways to solve them will be considered, a strategy for the development of financial institutions upon a new model will be prepared within this document,” Rustamov said.
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