Azerbaijan may apply Turkey and Russia's practice of bank account keeping

A workgroup to discuss the current situation in registering, keeping, and closing bank accounts and overhauling this sphere has been set up in the Azerbaijan Banks Association (ABA).

Report informs, citing ABA, that the workgroup has already held a meeting.

The meeting focused on the opportunities and flaws in this sphere and the progressive international experience. In particular, information about the experience of Turkey and Russia was provided. The meeting participants voiced their opinion on introducing the advanced experience of these countries in Azerbaijan.