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-
Finance
-
The Central Bank of Azerbaijan (CBA) has issued mandatory instructions to the companies "Pasha Insurance," "Gala Insurance," and "Azerbaijan Industrial Insurance."
-
USD 1,7 EUR 1,8395
-
Payments for services and other fees paid to municipalities in Azerbaijan will also be made in a non-cash manner.
-
The Central Bank of Azerbaijan (CBA) has included five companies from four foreign countries in the register of foreign insurers, reinsurers, and insurance brokers.
Leave a review