Azerdemiryolbank will soon consider changing its name

Azerdemiryolbank will soon consider changing its name
# 26 August 2009 14:51 (UTC +04:00)
Baku. Nijat Mustafayev - APA-ECONOMICS. Azerdemiryolbank will hold an extraordinary general meeting of shareholders on September 24.

The agenda of the meeting includes two items - to change the bank’s name and make some changes to the Board.

As of August 1, Azerdemiryolbank’s assets stood at AZN 223.9 million, loan book at AZN 166.4 million, total capital at AZN 39.6 million and authorized capital at AZN 16.4 million.

Azerdemiryolbank has been in operation since 1989. The European Bank for Reconstruction and Development (EBRD) holds a 25%+1 stake in the bank, leaving 10% to the Netherlands Development Finance Company (FMO), 10% to legal entities and the rest to about 850 individuals.
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