Consolidation process of 5-7 banks is underway - Elman Rustamov

  19 January 2016    Read: 1260
Consolidation process of 5-7 banks is underway - Elman Rustamov
Several Azerbaijani banks will be consolidated, the Chairman of the Central Bank of Azerbaijan Elman Rustamov said on Jan. 19.
Rustamov noted that the smaller banks must be consolidated.


According to him, the consolidation of the smaller banks is also useful for international banks: “This will help banks borrow a loan. The Central Bank of Azerbaijan has received an appeal in this regard. The matter is about consolidation of 5-7 banks”.

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