Azerbaijan, Baku, May 15 / Trend /
As part of its development plans and ongoing restructuring, Amrahbank revamps its management by appointing Emil Mammadov as the new Chairman and other members of the management board, the bank said. Emil Mammadov has been appointed new chairman of Amrahbank board.
Mammadov has over 10 years of experience in the banking sector. He is a graduate of the State Economic University and has an MBA from the Manchester Business School, UK. Before joining Amrahbank, Emil worked at Nikoil Bank for 7 years, lately as the deputy CEO and held various posts at the International Bank of Azerbaijan prior to that.
Furthermore, Heydar Mirzayev, former retail director of Unibank, joined Amrahbank as a member of the management board to lead the front office departments and Guldana Aslanova, former head of operational supervision of Nikoil Bank, as the Chief Risk Officer of Amrahbank.
"We are to pleased to welcome Emil and other team members, which will supplement the existing team's strength and help achieve our ambitions goals. In addition, our new Human Resources strategy envisages intensive training programs to ensure Amrahbank's growth plans are sustainable. Moreover with the assistance of IIB, Amrahbank staff will be seconded to overseas banks to deepen their expertise" said Yunis Ildirimzade, Chairman of the Supervisory Board.
Amrahbank is one of the oldest (est. 1993) and leading commercial banks of Azerbaijan. It offers a wide range of retail and corporate banking products such as deposits, loans, money transfers, documentary transactions and investment advisory services. Amrahbank is one of the most profitable banks of Azerbaijan (featuring in the top 3 banks by Return on Equity - 31 Dec 2008), has one of the largest branch networks (across Baku and different regions of Azerbaijan) and equity base. The Bank is a member of various professional organizations such as the Deposit Insurance Fund, Mortgage Fund, National Entrepreneurship Fund and Azerbaijan Banks Association. A recent strategic partnership with the International Investment Bank based in Bahrain (through a 49% shareholding), has played a key role in further developing many areas of Amrahbank including corporate governance, international cooperation and product and services quality.