IMF recommends IBA to separate own companies from the bank

IMF recommends IBA to separate own companies from the bank
# 20 November 2012 08:47 (UTC +04:00)

To him, at present, the IMF and Azerbaijani government conduct talks on privatization of the IBA. First of all, it is recommended to separate insurance and leasing companies, as well as processing center from the Bank.

Remind that, share of the state in IBA’s authorized capital makes 50.2%.

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THE OPERATION IS BEING PERFORMED