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Consolidation process over - Elman Rustamov

Consolidation process over - Elman Rustamov

Economy
26 February 2016, 12:31 832
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"Six banks’ licenses have been revoked. Weak banks have ben withdrawn from the system and sustainability of the banking sector increased.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 the current stage”, he said.

(APA)