Bank Of Baku

SOCAR says it has no assets in Montenegro

SOCAR says it has no assets in Montenegro
# 27 October 2015 07:46 (UTC +04:00)

According to him, the reports that SOCAR entered banking sector in Montenegro are not true.

 

Gasimov added that SOCAR “gave” its tourism-resort complex, which purchased in 2011 in Kumbor Island,  to the “partners”. The partner will be named soon.  

 

 

SOCAR reportedly plans to open bank in Montenegro. Central Bank of Montenegro is expected to grant license to SOCAR.  

 

SOCAR’s tourism-resort complex is estimated at $281.2 mln. The project is implemented by SOCAR’s daughter company Azmont Investments.

 

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