Overview:
Established in 1992, the Central Bank of Azerbaijan Republic (CBAR) is the nation’s central bank.
Description:
The Central Bank of Azerbaijan Republic regulates commercial banks and non-bank credit organizations. The responsibilities of the Bank are to ensure the soundness of the financial system through the licensing process and regular supervision of the financial sector. Organizations must be registered and licensed to legally provide any type of banking services, including microfinance services.
Organization’s Website:
http://www.cbar.az/
Just the Facts:
Year founded: 1992
Chief officer: Elman Rustamov, Governor
Basis for legal authority: Law about the National Bank of Azerbaijan Republic (1996); Law about Banks and Banking Activity (1996, as amended).
Contact Information:
Central Bank of Azerbaijan Republic
32 R. Behvudov Street
Baku, Azerbaijan Republic, AZ1014
Tel: +994 12 493 11 22
Fax: +994 12 493 55 41
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Additional Resources:
Latest News & Publications:
http://www.cbar.az/pages/publications-researches/press-releases/
Link to MicroCapital Universe Wiki Page:
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Central+Bank+of+Azerbaijan+Republic+%28CBAR%29