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New bank to be established in Azerbaijan

New bank to be established in Azerbaijan

07 October 2009 16:39 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azerbaijan-based Agrarcredit non-bank lending institutions seeks to get a bank license by the end of this year, said Suleyman Kalashov, member of the Board.

â€œWe have applied to the central bank, economic development ministry and other relevant bodies. A license request will also be sent to the finance ministry,â€ he added,

In his words, Agrarcredit will launch banking services after the license is granted by the yearend.

Agrarcredit is a lending institution with the main focus on agriculture.

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