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Bank Silkway replaces board chairman

Bank Silkway replaces board chairman

03 November 2009 14:18 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-ECONOMICS. Azerbaijan-based Bank Silkway has changed its board composition.

Mirsamed Movsumzadeh, vice-president of Silkway Holding Group, been appointed as Chairman of the Board, and Mahir Ahmedov a former chief accountant of the bank, appointed as his deputy.

Prior to this, these positions were held by Teymur Mammedov and Huseyin Hasanov respectively.
This was the third change in the composition of the Board.

Bank SilkWay was originally established as Azal Bank by Azerbaijan Airlines (AzAL) in 1993.

Now the bank is owned by SilkWay Holding Group (83.66%) and individuals.

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