Details added (first version posted on 12:36)
Baku, Azerbaijan, March 2
Trend:
The Central Bank of Azerbaijan (CBA) intends to defend its interests in court due to the revocation of licenses of Atrabank and the Caucasus Development Bank, head of the CBA Elman Rustamov told reporters March 2.
"The trial is underway," he said. "We will defend the decisions made and our own interests in court."
Rustamov also raised the issue of consolidation of banks, noting that this process is not yet finished.
"This process will end when new shareholders hold a meeting," he said. "For now, three banks are in the process of consolidation, they have already signed a protocol of intentions. But the further process will take time. At first, they need to carry out mutual evaluation of assets and so on."