The activity of the banking system in Azerbaijan is regulated by the law "About Banks". According to this law, the banking system of the country has two steps - it consists of the Central Bank of Azerbaijan and credit institutions. The main step is the Central Bank of the Azerbaijan Republic and its activities are regulated by the Constitution of the Azerbaijan Republic, the law "On the Central Bank of the Azerbaijan Republic", the Azerbaijan Civil Code and other normative laws. In accordance with the legislation, the Central Bank licenses and regulates the banking activities, and supervises the activities of the bank in accordance with the law.