Period of Small Banks Is Over - Representative of Access Bank

Baku / 06.10.17 / Turan: Consolidation of the Azerbaijani banking sector will continue, Anar Hasanov, First Deputy Head of the Board of Access Bank CJSC, said in an interview with journalists.

He noted that the period of small banks is coming to an end. According to him, banks that were leaders several years ago are now considering options for consolidation.

In addition, A. Hasanov said that after March 2017 there is a revival in lending and especially this is felt in the sphere of micro credits. According to him, in this segment the amount of loans increased by 2.5 times, which is close to the period before the first devaluation. -71D-

Leave a review


Follow us on social networks

News Line