Azerdemiryolbank to hold Stockholders’ Meeting

Business Materials 22 April 2008 18:14

Azerbaijan, Baku, 22 April / Trend / Azerdemiryolbank OJSC will hold the stockholders' meeting on15 May, the agenda of which will include 8 important issues, the bank reported on 21 April.

During the meeting, report of the administration on activities of the bank in 2007 will be presented, profit distribution will be discussed, most important deals will be approved and a range of other issues will be considered.

Azerdemiryolbank OJSC, one of the first commercial banks in Azerbaijan, was established in 1989. Fiscal institutes such as the European Bank for Reconstruction and Development (EBRD) and Dutch Financial Development Company (FMO) are amongst the shareholders of the bank. 27 branches and offices of the bank are currently operating in Baku and other regions of the country.

The paid authorized capital of the bank makes up AZN 10.4mln.