New draft on leasing will be submitted to Azerbaijani Parliament

Baku. 6 October. REPORT.AZ/ A new draft law on leasing is being prepared in Azerbaijan.

Report informs, Deputy Executive Director of Financial Market Supervisory Authority of the Republic of Azerbaijan (FIMSA) Asim Zulfugarov said. He noted that the bill will be submitted to Milli Majlis (Azerbaijani Parliament) in a short time.

"Microfinance institutions should make wide use of financial technologies. We are trying to amend the regulation to ensure maximum access of population to finance, FIMSA official said.

"Activities of financial institutions that harm sector were suspended. Now, FIMSA is carrying out fundamental measures to improve the sector, he added.