EBRD to support consolidation of Azerbaijani banks

Wed 17 March 2010 17:43 GMT | 22:43 Local Time

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EBRD

The European Bank for Reconstruction and Development envisions support in the process of consolidation of Azerbaijani banks.

Bank's president T.Mirow visiting Baku said EBRD intends to take part in the process being informing about the plans of the Central Bank regarding this issue as it requires a private approach to each bank, according to sources in the Central Bank.

According to experts, the process of banks consolidation may raise quality of assess and assessment of risks for all banks of the country.  

Novosti-Azerbaijan

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