Bank Of Baku

IMF: Azerbaijan must increase effectiveness in banking system

IMF: Azerbaijan must increase effectiveness in banking system
# 02 May 2012 09:17 (UTC +04:00)
But, current activity of the bank is non-effective and it needs to be privatized”.

According to him, the experts research the method and date of privatization of IBA and hold talks on this issue. The issue is expected to solve at the end of this year or beginning of next year.

Ilahi also noted that, it was required to reduce the sizes of bank: “otherwise, this can influence the Azerbaijan’s banking system negatively. Along with this, the government must increase the effectiveness in the banking system”.
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