Page 31 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.76, # 1, 2019, pp. 20-33

Currently financial sector in the country is bank-based and accordingly, banks play
important role in the financial markets. We have found that in 2017 number of the
banks is higher than the optimal level. Conversely, the number of the bank branches
are three times less than the optimal number, which negatively affects population
getting bank services. Besides, in 2017 number of bank employees in Azerbaijan is
less than optimal number. Also, size of the assets lags behind optimal number.

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