Ziraat Bank sells its share in Azer Turk Bank

Ziraat Bank sells its share in Azer Turk Bank
# 02 November 2016 10:28 (UTC +04:00)

Baku. Yegane Lachinzade – APA-Economics. Turkish Ziraat Bank intends to sell shares in Azer Turk Bank, Ziraat Bank CEO Huseyin Aydin said.

“You know that we have 100% share in Ziraat Bank Azerbaijan. Along with this, Ziraat Bank is a shareholder in Azer Turk Bank. We intend to sell our shares in that bank to the Finance Ministry of Azerbaijan. Relevant deal will be closed soon”, Aydin said.

Ziraat Bank has 12.4%, Ziraat Bank International 1.08% share in Azer Turk Bank. 75% of Bank’s shares is owned by State Committee for Property Issues.

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