Bank Respublika to consider selling a stake to IFC in April

Bank Respublika to consider selling a stake to IFC in April
# 21 February 2007 12:30 (UTC +04:00)
IFC’s proposal to acquire a 10% stake in Bank Respublika will be discussed at the board meeting of the Bank to be held in April, APA reports.
Khadija Mammadova, Chairperson of the Management Board of the Bank, said that the negotiations are ongoing and it would be premature to say anything until the meeting.
She added that the Bank intends to double its assets this year.
Bank Respublika has 19 branches and offices throughout the country and five will be opened this year. At the same time, the Bank will open some offices in regions as its regional development program. /APA/

Politics

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