Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Rabitabank has gone to 1st Baku Local Economic Court against Kauthar Bank.
The court says Kauthar Bank did not pay off its debt to Rabitabank. The court process will be held on July 13.
Rabitabank has been in operation since 1993. The bank operates 6 branches in Baku, 15 in regions.
Kauthar Bank has been in operation since 1989. The bank operates 2 branches, 2 ATMs and 25 staffs and on Islamic principles.
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