Drop in Number of Banks Holding Limited License in Azerbaijan
Azerbaijan, Baku, 3 March / corr. Trend / National Bank of Azerbaijan confirms the improvement of the situation in the capitalization of the banking system in the country which facilitates their work with customers. Due to the improvement of the situation, Gunay Bank and Royal Bank of Baku are excluded from the list of banks holding a limited license.
Both of these banks have been members of the Azerbaijani Fund of the Insurance of Deposits since 2007 where 37 out of 46 banks functioning in this country are represented.
According to the Royal Bank of Baku, the bank has been a member of the Fund since 2007.
Gunay Bank became the 35th member of the Insurance Fund.
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