Central Bank issues warnings to 9 banks and fines 3 financial institutions

Reportedly, 10 issues related to the financial condition of credit institutions were discussed during these meetings. These included compliance with the Central Bank’s instructions and prudential standards, as well as the findings of inspections and studies conducted at commercial banks, microfinance institutions, and payment organizations.

As a result of the inspections carried out at commercial banks, microfinance institutions, and payment organizations, deficiencies were identified. These included failure to comply with the Central Bank's instructions and prudential standards, as well as legislative requirements for foreign exchange and foreign trade operations. Consequently, warnings were issued to 9 banks, 2 pawnshops, and 1 microfinance institution regarding the application of measures and sanctions.

Additionally, penalties were imposed on 1 bank, 1 pawnshop, and 1 microfinance institution for violations of existing legislation and the rules identified during the Central Bank's inspections and audits.