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Azerbaijan to set up first investment bank in 2019


Azerbaijan might set up the first investment bank in 2019, Director of AzFinance Abid Mammadov said at the event ‘Azerbaijan’s capital markets: Look into the future’.

 

‘We see that there is need for services of investment banks. I think that the first investment bank may contribute to development of the stock markets. Automatically, demand for investment services will sharply decline’, he said.

 

‘People are now interested in investment companies and financial instruments introduced by them. Standard deposits offered by banks are not so interesting for people. The current situation shows that the tendency will continue and the financial market will develop and this will lead to development of the country’. 

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