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Azerbaijan president signs a decree on state-owned stake in banks and non-bank lending institutions

Azerbaijan president signs a decree on state-owned stake in banks and non-bank lending institutions

07 August 2009 17:25 (UTC +04:00)

Baku-APA. Azerbaijan President Ilham Aliyev has issued a decree on the management of a state-owned stake in banks and non-bank lending institutions.

According to the decree, the Ministry of Finance and the State Committee on property Issues were authorities to act on behalf of the government in any issues related to the state-owned interests.

The Ministry of Finance was tasked to take measures for the efficient management of state-owned stakes and report to the President of Azerbaijan once a year about this process.

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