Azerbaijan, Baku, 22 July / Trend corr. I.Khalilova / AZFINANSBANK OJSC, became the third bank, which received registration in the Tax Ministry. During 2008, other Nakhcivanbank and CP BANK have already received registration through the one window system, introduced by the Tax Ministry on 1 January.
The new bank is established with the authorized capital AZN 10mln. The juridical address of the bank is AZ1073, 112, Ismayilbay Gutgashinli street, Yasamal District, Baku.
Nakhcivanbank and CP BANK are also entered into the bank market with the authorized capital AZN 10mln and AZN 11mln. The aforesaid banks have already held their license in the National Bank of Azerbaijan.
New bank replace the old one simultaneously, which cannot stand competition and did not observe bank demands, as well as prudential norms of NBA. At the beginning of July the National Bank took a decision to cancel the license of Atlantbank and Poctbank OJSCs. As a result the number of bank organizations reached 44.
Such measures are taken within the framework of restructuring of the bank system of the country.
On 22 July, the official currency rate is 0,8048 AZN/USD.
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