Bank Of Baku

Azerbaijan’s Parabank may become a non-bank credit organization

Azerbaijan’s Parabank may become a non-bank credit organization
# 22 July 2016 08:44 (UTC +04:00)

Baku. Yegana Lachinzade – APA. Azerbaijan’s Parabank can turn into a non-bank credit organization, Rufat Aslanli, head of the Board of Directors of Azerbaijan's Financial Market Supervisory Body told reporters on July 22.

 

“This is a legal and organizational process,” said Aslanli. “If the bank’s management takes a final decision, the Financial Market Supervisory Body will not oppose it.”  

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THE OPERATION IS BEING PERFORMED