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Bank of Baku acting chair to head IBA-Moscow: source

Business Materials 18 January 2017 18:20 (UTC +04:00)
Zaur Garaisayev, deputy chairman of the board at Bank of Baku OJSC, who has been temporarily serving as acting chairman of the board, left the bank Jan. 18
Bank of Baku acting chair to head IBA-Moscow: source

Baku, Azerbaijan, Jan. 18

By Anvar Mammadov – Trend:

Zaur Garaisayev, deputy chairman of the board at Bank of Baku OJSC, who has been temporarily serving as acting chairman of the board, left the bank Jan. 18, a source in the bank has told Trend.

His position is currently vacant, according to the source.

Garaisayev has been appointed the chairman of the Supervisory Board at IBA-Moscow, a subsidiary of the International Bank of Azerbaijan in Russia, the source said.

The information has not been yet confirmed officially.

He succeeds Elmir Habibullayev in the IBA-Moscow.

Bank of Baku was established in 2005 following the merger of two private banks – Bank of Baku OJSC and IlkBank.

IBA-Moscow was founded in 2002.

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