Several foreign banks push to acquire a stake in UniBank

Several foreign banks push to acquire a stake in UniBank
# 01 December 2008 15:04 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Several banks of the United States, France, Russia and Germany take interest to acquire a stake that the EBRD holds in Azerbaijan’s UniBank.
Eldar Garibov, Chairman of the Supervisory Board at the Bank, said Russia’s VTB Bank (Vneshtorgbank) has already offered to buy a stake in UniBank.
According to him, UniBank quitted negotiations with the Russian bank because shareholders didn’t agree to sell a stake.
“I would like to say that we are negotiating with three banks. There has been no specific decision yet,” he added.
UniBank is owned by the EBRD (15.15%), DEG Investment Corporation (8.33%), legal entities (0.9%) and individuals (75.62%).
As at October 1, UniBank’s assets at AZN 467.235 million, loan portfolio at AZN 347.932 million, deposit portfolio at AZN 111.902 million, total capital at AZN 64.129 million and share capital at AZN 15 million.
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