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10:13 16 January
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Bank of Azerbaijan changes composition of shareholders - UPDATED

Baku. Vahab Rzayev – APA-Economics. Bank of Azerbaijan is changing the composition of its shareholders. Bank says after this process, it will have some individual shareholders.

 

Along with this bank says the information about leaving of ZQAN holding the shareholders list of Bank of Azerbaijan isn’t true. But it should be noted that ZQAN Holding was not among the shareholders, the main shareholder was Anar Mammadov. Remind that, before the changes bank had shareholders as 2 individuals (Mammadov A. – 81%, Mammadov M. – 18%) and legal entity (NEM Holding – 1%). According to A.Mammadov has been withdrawn from the range of the shareholders.

 

Bank says after the process, number of shareholders will increase and they will be only individuals. Besides, in addition some new individuals will be shareholders of the bank.

 

 

 

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