Baku, Azerbaijan, Dec. 21
By Anvar Mammadov – Trend:
Azerbaijani banks will render investment services, Ruslan Babayev, head of the Division of Supervision at Financial Markets Infrastructure at Azerbaijan’s Financial Market Supervisory Authority said.
He was speaking Dec. 21 in Baku at the event titled “Capital markets in 2018.”
He said that the final decision on this issue will be adopted before the end of the first half of 2018.
“A package of proposals which envisage amendments to Azerbaijan’s legislation has already been prepared on this issue,” he noted. “The changes will reflect the issues of licensing and the types of services provided, as in the world practice banks cannot provide all types of investment services.”
Presently, 31 banks, including two state-owned ones, operate in Azerbaijan.