Bank Of Baku

CBA takes interest in consolidation of small banks

CBA takes interest in consolidation of small banks
# 12 April 2010 13:12 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Econmics. The Central Bank of Azerbaijan takes interest in consolidation of small banks which have few branches in Azerbaijan, Rashad Orujov, the Director of Banking Supervision Department of CBA told APA.

According to him, this is the long-term process. Azerbaijan needs to great bank to finance the projects.

He also told that, several international finance institutes are ready to support the bank consolidation.
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