Central Bank imposed fines on 11 banks, one microfinance organization and one pawn shop
Economy
The reason for the fine was the failure to comply with the requirements of the economic norms established by the Central Bank and the inaccuracies in the information provided to the Central Bank.
The Bank's press service reports that 42 issues were considered by the Bank Supervisory Committee of the Central Bank at its meetings in June 2024 and relevant decisions were made on them.
14 issues related to the financial condition of credit organizations - the fulfillment of the requirements of the Central Bank's instructions and prudential norms, the results of inspections conducted in banks and microfinance organizations were also discussed.
Fines were imposed on 11 banks, 1 microfinance organization and 1 pawnshop for non-compliance with the requirements of the economic norms established by the Central Bank and for inaccuracies in the information provided to the Central Bank and for the violations identified in the results of the inspection. used.
In addition, based on the principle of maintaining the stability of the banking system, protecting the rights of depositors and investors, the Committee instructed the managements of commercial banks and microfinance organizations to correct the deficiencies identified, to eliminate the existing weaknesses in the bank's activities, and to comply with the requirements aimed at improving the financial situation. relevant instructions are given.
14 issues related to the financial condition of credit organizations - the fulfillment of the requirements of the Central Bank's instructions and prudential norms, the results of inspections conducted in banks and microfinance organizations were also discussed.
Fines were imposed on 11 banks, 1 microfinance organization and 1 pawnshop for non-compliance with the requirements of the economic norms established by the Central Bank and for inaccuracies in the information provided to the Central Bank and for the violations identified in the results of the inspection. used.
In addition, based on the principle of maintaining the stability of the banking system, protecting the rights of depositors and investors, the Committee instructed the managements of commercial banks and microfinance organizations to correct the deficiencies identified, to eliminate the existing weaknesses in the bank's activities, and to comply with the requirements aimed at improving the financial situation. relevant instructions are given.
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