EBRD and Societe Generale Hold Talks to Acquire Share in Azerbaijani Banks
Ukraine, Kiev, 19 May /corr. Trend Z.Novotovski / French Bank Societe Generale intends to acquire significant share in authorized capital of one of the Azerbaijani banks.
"They mentioned their wish to invest or purchase significant share in one of the banks in Azerbaijan, but did not call the name of the bank," the Deputy Chairman of National Bank of Azerbaijan, Rufat Aslanli, briefed the media in Kiev. "We had certain information that they hold talks with several banks. Yet we do not know what bank they envisage. We have not received an official appeal," he said.
In addition, according to him, the European Bank for Reconstruction and Development holds consultations with one Azerbaijani bank to acquire share in its authorized capital.
According to information by the NBA, several investment funds and banks hold talks with the local banks to join their capitals. "We welcome participation of brand banks. Today foreign capital participates in 21 out of 46 Azerbaijani banks, but it includes share of the international financial institutions and investment funds. They will not permanently participate there. We would like the direct investments to be longer and bring banking technologies along with monies," Aslanli said.
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