Bank Of Baku

Number of branches rises 24 units in Azerbaijan

Number of branches rises 24 units in Azerbaijan
# 10 November 2010 14:18 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of October 1, 2010, there were 148 credit organizations having license for operation on banking services in Azerbaijan. 101 of them are non-banking organizations. CBA says one of 47 banks is state, others are private banks.

Local branches of operating banks made 646, up 28 units from the year ago, 20 units from the beginning of this year. 38 of them are for state, 608 for private. Generally, the number of banks owning local branches is 42. At the same time, Azerbaijan-based banks have 8 structures in abroad. 5 of them are representations, 2 subsidiary banks others are branches.
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