Regulatory Alerts2018-07-25
Regulations on Accounting of Savings (Deposits) in the Banking System of Azerbaijan
The Central Bank of Azerbaijan issued these regulations to standardize the accounting principles and classification criteria for savings deposits across its banking system. Financial institutions must record deposit operations in designated balance items, calculate interest according to prevailing legislation, and apply prescribed accounting entries for receiving funds, accruing interest, and returning deposits. Effective April 3, 2001, the document supersedes the 1996 savings operations regulations and provides detailed methodological instructions for accurate financial statement reporting.
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