Baku. Musa Ahmadov - APA-Economics. International Bank of Azerbaijan has today held next general meeting, bank told APA-Economics.
Bank’s financial statement for 2014 approved by external audit and recommended by Audit Committee has been confirmed, according to proposal of the Management Board it was decided to save AZN 25.5 mln-profit earned in 2014 in the retained earnings account, as well as increase authorized capital AZN 200 mln to AZN 890 mln.
Along with abovementioned issues, organizational issues have also been discussed. As it is known, application of bank’s Chairman Jahangir Hajiyev on dismissal from his post due to health was sustained on March 18 and he was dismissed from his post.
According to Law of the Azerbaijan Republic on Banks, as appointment and dismissal of heads of management board are in the competence of shareholders, under the decision of shareholders, J. Hajiyev has been dismissed. Acting chairman of the Management Board is the first deputy chairman Emil Mustafayev.
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