Russia’s Vneshtorgbank acquired a bank and will soon open office in Azerbaijan

Russia’s Vneshtorgbank acquired a bank and will soon open office in Azerbaijan
# 03 December 2008 14:10 (UTC +04:00)
He said the Russian bank has acquired a 51% stake in Azerbaijan’s AF Bank and will soon take presence in the country’s banking sector.
Azerbaijan’s AF Bank succeeded Kontinent Bank which received a license from the National Bank of Azerbaijan on September 22, 1993.
AF Bank launched operation in December, 2002 and was registered by the Ministry of Justice in June, 2003.
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THE OPERATION IS BEING PERFORMED