Azerbaijanian Banks Increase Number of Local Branches
OREANDA-NEWS. February 08, 2007. Press Service of the National Bank informed that, during IV quarter of 2007, 142 credit organizations have license. 96 of them are non-bank credit organizations.
There are 46 operating banks during IV quarter of 2007 and two of them are state, 44 are private banks. There are 21 banks operating with the participation of foreign capital. Foreign capital constitutes from 50% to 100% of authorized capital of 6 banks, and less than 50% of authorized capital of 13 banks. Number of local branches of foreign banks constitute for 2.
Number of operating bank branches amounts to 485. There are 125 state and 360 private banks. Number of banks having local branches amounted to 41, and number of bank departments constituted for 94. Number of bank structures operating abroad constitutes for 5. Two of them are representatives, 2 of them are bank agencies and one is branch.
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