(MENAFN- Trend News Agency) BAKU, Azerbaijan, November 11 . The Central Bank
of Azerbaijan (CBA) is creating a special platform for more
flexible financing of companies from the capital market, Deputy
Director of the Capital Market Policy and Supervision Department of
the Central Bank of Azerbaijan (CBA) Samir Ismayilov said, reports on November
11.
Ismayilov made the remark at a video conference dedicated to the
'Issuer's Day' organized by the Baku Stock Exchange.
'The platform is planned to be launched no later than the end of
this month. Companies wishing to receive financing through
securities will be able to apply online to the CBA, the Baku Stock
Exchange CJSC, or the National Depository Center of Azerbaijan,' he
noted.
According to him, the capital market in Azerbaijan creates an
opportunity to raise funds only for the financial sector.
'The real sector has limited participation in this market. If
the participation of other companies in the capital market
increases, the market can work more efficiently and effectively,'
added Ismayilov.
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