Russia and Azerbaijan agree on banking supervision

The Bank of Russia and the National Bank of Azerbaijan have signed an agreement on cooperation in banking supervision, RBC reported Tuesday 6 February.

According to Russia's Central Bank, the agreement was signed in order to sustain stability, development, and the strengthening of national banking systems in the two countries.

Russia and Azerbaijan will cooperate on banking supervision of crediting organisations and their cross-border affiliates. The two sides have agreed to exchange necessary

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