Sunday , October 22 2017

Banking

Azerbaijan resumes bank cleanup by culling four more lenders

epa03169529 The logo of the Dekabank is seen prior to the banks' annual press conference in Frankfurt am Main, Germany, 03 April 2012. Media reports state on 03 April 2012 that turnovers in 2011 were significantly decreased due to the euro debt crisis.  EPA/BORIS ROESSLER

  Bloomberg Azerbaijan closed down four more banks as the former Soviet Union’s third-largest crude exporter reels from the worst collapse in oil prices in a generation. The Financial Markets Supervisory Authority revoked the licenses of Dekabank, Kredobank, Parabank and Zaminbank to “reduce risks in the banking sector, ensure financial ...

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