Banks in Azerbaijan revive and number of their branches grows

16:58 - 1.06.2021


June 1, Fineko/abc.az. After some problems caused by the pandemic, the indicators of the infrastructure of the banking sector in Azerbaijan began to improve.

ABC.AZ reports with reference to the Central Bank that seven new bank branches have been opened in Azerbaijan since the beginning of the year. Thus, the number of bank branches increased up to 462.

For comparison, at the beginning of 2020 there were 509 bank branches in Azerbaijan. And last year, with the termination of activities of four banks, by the end of the year their number decreased to 455. From 2021 the number of bank branches began to grow again. In April alone, four new branches opened in the country.

 

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