17:30 - 13.06.2026
June 13, Fineko/abc.az. Another commercial bank in Azerbaijan has officially ceased its banking operations to transition into a non-bank credit organization (NBCO).
According to ABC.AZ, referencing the "Vergiler" newspaper of the State Tax Service under the Ministry of Economy, OJSC "Bank BTB" has formally altered its legal entity structure and corporate name, transforming into "T-Kredit" LLC Non-Bank Credit Organization.
Strategic operational updates include:
CBA Regulatory Approval: Under the decree of the Board of the Central Bank of Azerbaijan (CBA) dated March 5, 2026, the regulator granted preliminary administrative approval for Bank BTB’s voluntary restructuring into an NBCO format.
Portfolio Migration: As part of the license surrender framework, all financial assets and systemic liabilities of the former bank have been successfully migrated over to the country's largest financial institution, OJSC "International Bank of Azerbaijan" (ABB).
