What is happening in the Banking Sector in Azerbaijan?

What is happening in the Banking Sector in Azerbaijan? After closing the year of 2013 with a credit boom, the banking sector was unable to withstand the cold months of the current year: commercial banks almost halted all personal lines of credit. Despite the optimistic view of the Central Bank of Azerbaijan Republic regarding the general situation, the commercial banks have remained skeptical. After imposing loan restrictions, some of the banks even made a decision to close their... Read More