Azerbaijan ready to consult Iraq on banking sector’s development

Business Materials 4 December 2013 19:54 (UTC +04:00)

Baku, Azerbaijan, Dec. 4

By Emin Aliyev - Trend:

Central Bank of Azerbaijan (CBA) is ready to support the development of the Iraqi banking sector, CBA Deputy Chairman, Vadim Khubanov said on Dec. 4 in Baku.

He made the remarks at the meeting of Azerbaijani-Iraqi intergovernmental commission on trade, economic, technological, education and agricultural cooperation.

"Azerbaijan's banking sector has reached a good level of development and shows a steady annual growth," Khubanov said.

The banking sector's expansion influences and supports the development of the entire country's economy.

"We have sufficient experience and a large number of achievements in the field of regulation, including the institutional, infrastructural and other points of view. The CBA is ready to exchange experiences in this area with our Iraqi counterparts," Khubanov said.