Azeri banks' branches reach to 429 in number

National Bank of Azerbaijan (NBA) told APA-Economics that two of the banks are state banks, 42 private bank organizations. 5 banks have between 50% - 100% foreign capital in their authorized capital, and 13 banks have less than 50% foreign capital in their authorized capital.

The foreign banks have two local branches in our country.

Azeri banks' branches reached to 429 in number. 125 of them are the branches of state, 304 of private banks. There are two offices, one subsidiary bank and one branch abroad.