IMF: A few more banks may be shut down in Azerbaijan

IMF: A few more banks may be shut down in Azerbaijan
  • Clock-gray 09:35
  • calendar-gray 05 May 2017

“Capitalization and purchase of troubled loans by state continued in Azerbaijan. However, after new plans regarding capitalization, a few more banks may be shut down”, the bank said.


In 2016, 11 banks were shut down and currently, 32 banks operate in Azerbaijan. 

Other news