Bank Of Baku

Date of next meeting of Rabitabank’s shareholders determined

Date of next meeting of Rabitabank’s shareholders determined
# 02 December 2010 09:52 (UTC +04:00)
Baku.Elnur Huseynguluyev – APA-Economics. The date of next meeting of Rabitabank’s shareholders on selling of bank’s share to EBRD and IFC was determined, deputy chairman of Board of Directors Elchin Gadimov told APA.

According to him, bank will sell 12.5% of share to EBRD and 12.5% to IFC. This will be adopted at the meeting to be held on December 10. At the same time, amendments to regulations and other technical issues will be discussed at the meeting.

Besides, the shareholders will look through the amendments to the regulations of Supervisory Board and affirmation of bank’s institutional development plan.

Rabitabank has been in operation since 1993. The bank operates 20 branches, 27 ATMs and 129 POS-terminals across the country.
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