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

IMF: A few more banks may be shut down in Azerbaijan
# 05 May 2017 09:35 (UTC +04:00)

“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.

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THE OPERATION IS BEING PERFORMED