Tala Kazimov: CBA is ready to support the consolidation of the banking sector in 2027 The Central Bank of Azerbaijan will support consolidation in the banking sector if such a decision is made next year. This is what the chairman of the Central Bureau of Business Administration, Taleh Kazimov, said. According to him, the position of the regulator is that a merger of two or three large banks can increase competition in the financial sector. "The central bank supports consolidation. Because we believe that when we look at the structure of the financial sector, a merger of two or three large banks can increase competition. This is exactly our expectation. If there are consolidation steps or plans next year, we will support it. Of course, ensuring competition in the financial sector is important. We currently do not have such a plan for this year." Kazimov said.

Tala Kazimov: CBA is ready to support the consolidation of the banking sector in 2027 The Central Bank of Azerbaijan will support consolidation in the banking sector if such a decision is made next year. This is what the chairman of the Central Bureau of Business Administration, Taleh Kazimov, said. According to him, the position of the regulator is that a merger of two or three large banks can increase competition in the financial sector. "The central bank supports consolidation. Because we believe that when we look at the structure of the financial sector, a merger of two or three large banks can increase competition. This is exactly our expectation. If there are consolidation steps or plans next year, we will support it. Of course, ensuring competition in the financial sector is important. We currently do not have such a plan for this year." Kazimov said.