Tekhnikabank issues statement on reports about former chief of bank’s Baku branch Zal Yusifov

Tekhnikabank issues statement on reports about former chief of bank’s Baku branch Zal Yusifov
# 02 September 2009 11:53 (UTC +04:00)
“Regarding the untrue and preconceived reports published recently in mass media, Tekhnikabank states that criminal activity of the former chief of Baku branch Zal Yusifov was made clear by the bank’s internal control mechanisms in August, 2008 and the bank management asked the investigative organizations to address the issue. Yusifov’s criminal case is reviewed at the Court of Grave Crimes now. Only Zal Zakir Yusifov, Islam Zal Yusifov and Samaya Hajan Mammadova of the accused persons were former workers of the bank. The preconceived materials published in mass media should be valued as an attempt to mislead the society, to interfere in the court investigation and to damage the bank’s reputation”.

Tekhnikabank JSC was established in 1993 and it is third largest bank in Azerbaijan for its bank assets. It provides banking services according to the European standards to make contribution to the strengthening of the country’s economy. Tekhnikabank has 35 branches throughout the country. Its credit policy was directed toward the funding of projects promoted development of ownership and creation of new jobs in the country.
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THE OPERATION IS BEING PERFORMED