Temporary administrator appointed in 4 banks in Azerbaijan

Temporary administrator appointed in 4 banks in Azerbaijan
  • Clock-gray 13:27
  • calendar-gray 27 April 2020

By relevant decisions dated April 27, 2020 of the Management Board of the Central Bank of the Azerbaijan Republic, the temporary administrators have been appointed to “Atabank” OJSC, “AGBank” OJSC, “NBCBank” OJSC and “Amrah Bank” OJSC, the Central Bank told APA.

According to the legislation, all authorities for management of the mentioned banks including the authorities of general meeting of the bank’s shareholders have been transferred to the temporary administrator.

Additional information will be provided regarding this issue.

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