Central Bank of Azerbaijan annuls banking lisence of 2 banks

Central Bank of Azerbaijan annuls banking lisence of 2 banks
# 28 April 2020 18:20 (UTC +04:00)

Central Bank of the Republic of Azerbaijan (CBA) has annuled banking license of two banks operating in the country, APA-Economics reports citing CBA.

The licenses of two of those banks - “Atabank” OJSC and “Amrah Bank” OJSC have been terminated beginning from April 28, 2020, based on the decision of the management Board of the Central Bank adopted on the same day.

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THE OPERATION IS BEING PERFORMED