OREANDA-NEWS. August 11, 2010. Azerbaijan has launched the process of decentralization of bank service of state assets.

Banking market sources say that the process still bears restricted character and does not concern country’s oil assets.

"The remaining assets are migrating slowly from semi-state International Bank of Azerbaijan to fully private Kapital Bank,” a source said.

The source, however, found it difficult to assess the current volume of outflow and its possible boundaries, as well as further scheme of service of oil assets.