DEPOSIT INSURANCE FUND HAS STARTED TRAINING AT SSU

On April 24, Sumgait State University conducted a training on "Role of Deposit Insurance System in Financial Stability" in order to educate financial service providers and specialists, mainly consumers, and increase financial literacy regarding the protection of deposits by the Deposit Insurance Fund.

Farid Kazimzadeh, Ali Ahmadli, senior specialists of the Risk Management, Analysis and Investment department of the Deposit Insurance Fund, teachers and students of the university's faculty of Economics and management took part in the training.

In the training moderated by Shalala Mammadova, assistant professor of Finance and accounting department, assistant professor Samira Seyidova, associate professor Loghman Abdullayev spoke and welcomed the participants, emphasizing that the holding of such trainings will not only give practical experience to students studying in relevant specialties, but will also stimulate their future personnel training process.

Chief specialist Farid Kazimzade spoke about the activities of the Fund he represents and the necessity of training. He said that the Fund has contributed directly to the activities of credit organizations in the years since its establishment, and has played an important role in creating trust and confidence in the banking system among citizens.

In the training, Ali Ahmadli provided extensive information on the organization of the deposit insurance system in Azerbaijan, the purpose and functions of the creation of the DIS, the regulatory changes applied in the risk management system, the rights of depositors, as well as practical risk management skills.

Then there was an exchange of ideas on the topic, the speakers answered the questions of the participants.

It should be noted that at the end of the two-day training, participants will be presented with certificates by the Fund.

TRANSLATED BY: LANGUAGE AND TRANSLATION CENTER