Bank Of Baku

EBRD: Azerbaijan banking system must pay attention to institutional development

EBRD: Azerbaijan banking system must pay attention to institutional development
# 13 April 2010 12:54 (UTC +04:00)
BAku. Vahab Rzayev – APA-Economics. The European Bank for Reconstruction and Development in Azerbaijan has directed the operation to not only creating of credit but to development of a small entrepreneurship, improvement of corporative management in banking sector and institutional development, Christopher Falco, EBRD, Senior Banker told APA.

According to him, the EBRD operates in 28 countries, total portfolio is 8.3 bln euro including operation assets are 6.1 bln euro. As the partners of bank are 195 banks, 108 non-banking organizations and 54 investment funds
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THE OPERATION IS BEING PERFORMED