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11:17 23 February
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CDB Bank merged with AtaBank

In connection with merging of Caspian Development Bank (CDB Bank) to AtaBank in accordance with the decision of shareholders of the two banks, Farah Mammadova was appointed as Acting Chairwoman of Supervisory Board and Dayanat Guliyev as chairman of Management Board.

According to AtaBank’s press service, initial agreement was reached with PwC on assessment of assets in connection with reorganization of the banks.

 

At the same time, both banks will continue fulfilment of obligations on civil-legal contracts separately till registration of reorganization fact. 

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