Privatization of Azerbaijani Bank to End by Late June
Ukraine, Kiev 18 May / corr Trend Z.Novosvitskiy / An auction on sale of Azerbaijani Kapitalbank's state share (50%) has been held and currently the juridical accomplishment of the process is in progress.
"The deal is still to be signed. We gave permission for the purchase of shares and are waiting for signing of all the contracts. I hope it to end by the end of June," Rufat Aslanly, deputy chairman of the Managing Board of the National Bank of Azerbaijan, said in an interview with journalists in Kev last weekend.
As a result of the auction, approximately 7% of the banks stocks were sold to individuals. The rest part was acquired by the financial companies and legal persons. There is not any foreign bank amongst them, but the foreign investors.
The correspondent can be contacted at [email protected]