The third new bank is registered from the beginning of the year in Azerbaijan – “AZFINANSBANK” OJSC.

Mediamax reports referring Trend that that in 2008 “Nakhchivanbank” and “CP BANK” were also registered.

“AZFINANSBANK” OJSC is being set up with the authorized capital stock of 10mln manats.

At present, there are 44 banks functioning in Azerbaijan.