Bank Of Baku

Planned consolidation process between Demirbank and AGBank cancelled

Planned consolidation process between Demirbank and AGBank cancelled
# 11 February 2016 15:04 (UTC +04:00)

Bank told APA-Economics that Demirbank Supervisory Board assessed the consolidation in terms of the interests of shareholders, depositors, and foreign creditors and decided that the consolidation is inexpedient. 

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THE OPERATION IS BEING PERFORMED