Central Bank of Azerbaijan plans to sign agreement with int'...| MENAFN.COM

Wednesday, 25 May 2022 04:07 GMT

Central Bank of Azerbaijan plans to sign agreement with int'l consulting company


(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.

-------

Follow the author on Twitter : agdzhaev

MENAFN28012022000187011040ID1103606201


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.