BAKU, Azerbaijan, July 31. Azerbaijan's banks can allocate an additional 4-6 billion manats ($2.4-$3.5 billion) to lending, Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said.
Kazimov made the remarks at a press conference on the parameters of the interest rate corridor, Trend's correspondent reports from the event.
He said excess liquidity in the banking sector, excluding required reserves, stands at 6 billion manats ($3.5 billion).
"Banking sector fully complies with all our liquidity requirements. Even taking these requirements into account, our overall calculations show that banks have 4-6 billion manats in available funds. Banks can direct these funds both toward capitalization and lending," Kazimov said.
