Elman Rustamov: Consololidation process

Elman Rustamov: Consololidation process ended

15:15 26 February 2016 Read: 1040

Elman Rustamov: Consololidation process ended

Consolidation process in the banking sector has already ended, chairman of the Central Bank of Azerbaijan Elman Rustamov said.

“Six banks’ licenses have been revoked. Weak banks have ben withdrawn from the system and sustainability of the banking sector increased. Only AGBank is about to solve the problem on capitalization. I think we have completed consolidation process in eth current stage”, he said

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