BAKU, Azerbaijan, May 26. The "State Program
for expanding financial inclusion for 2027-2030" approved by
President of Azerbaijan Ilham Aliyev envisages promoting more
active participation of banks in capital markets, Trend reports.
In accordance with paragraph 8.2.5 of the program, it's
recommended to implement measures to promote direct participation
of banks in capital markets.
The Central Bank of Azerbaijan (CBA) is designated as the main
implementing body in this area, and it is planned to involve the
Azerbaijan Banking Association (ABA) and the Azerbaijan Capital
Markets Association (ACMA) in the implementation of the
measures.
According to the document, an assessment of the level of
readiness of banks to open investment accounts for their clients
will be carried out from 2027 through 2028. In addition, work will
be carried out to form the necessary capacity for banks to provide
investment services to their clients.
The State Program notes that as a result of the measures to be
taken, it is aimed that at least three banks will provide
investment services to their clients.
