Azerbaijan, Baku, August 10 / Trend N. Ismayilova /
Azerbaijani Azerneqliyyat Bank will launch active talks to draw loans from international financial institutes in 2010, chairman of the bank's board, Emin Mammadov, said on August 10.
"At present, the bank negotiates to draw technical aid. But active operations to draw loans from international financial institutes are planned to launch from 2010," Mammadov said.
Some changes occurred in Azerneqliyyat Bank within last 10 months. Majority package of the bank's shares was outbid by new founders in October 2008. Afterwards, entire leading staff of the organization was changed.
Azerneqliyyat Bank was founded in 1989 as commercial bank. The bank was transformed in the Open Joint Stock Company. At present, there are eight branches of the bank in Baku and Azerbaijani regions.
As of July 1, Azerneqliyyat Bank's assets hit 69.72 million manat. Joint capital hit 12.72 million manat, including authorized capital - 10.78 million manat. As of July 1, net profit of the bank hit 1.07 million manat.
On August 10, the official exchange rate is 0.8043 manat to $1.
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