Number of NBCIs Increases in Azerbaijan
OREANDA-NEWS. May 11, 2011. 150 credit organizations are licensed to carry out bank operations. 106 of them are NBCIs, reported the press-centre of CBA.
As at 1 April 2011, 44 banks are licensed, of them 1 is state owned, and 43 are private banks. 22 banks operate through participation of foreign capital. Foreign capital constitutes 50% – 100% of the authorized capital of 7 banks, and less than 50% of the authorized capital of 13 banks. The number of local branches of foreign banks is 2.
The number of operating local bank branches is 646. 38 of them account for state, 608 for private banks. The number of banks with local branches is 39, and the number of bank departments is 123. The number of banking structures functioning abroad is 8. Of them 5 are representative offices, 2 – affiliates, and one is a branch.
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