Bank Of Baku

Azeri bank sells a stake to foreign investors

Azeri bank sells a stake to foreign investors
# 16 September 2008 16:29 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Rabitabank intends to sell an equity stake to two foreign investors in the fourth quarter of 2008, said Elchin Gadimov, deputy Chairman of the Bank.
He added that negotiations are under way and results will be unveiled by the end of this year.
“The two investors will take a 25% stake in the bank,” he added.
As at July 1, the bank’s assets stood at AZN 98.649 million, loan portfolio at AZN 73.431 million, deposit portfolio at AZN 82.373 million, total capital at AZN 11.838 million and authorized capital at AZN 8.003 million.
Owned by 6 individuals (96.4%) and 14 legal entities (3.6%), Rabitabank has been in operation since 1993.
1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED