Azerbaijan, Baku, August 5 /Trend, N.Ismayilova/
The next annual meeting of the Board of Directors of the Azerbaijani Processing Center (JSC) Milli Kart, which will be first held by the participation of the new shareholder - the European Bank for Reconstruction and Development (EBRD), is scheduled for August, executive director of Milli Kart, Jalal Orujev, said on August 5.
"Rotation of chairman of the Board of Directors will be held during the meeting, said Orujov. - At present, the chairman of the Board of Directors of Milli Kart is Unibank".
He did not exclude the possibility that the EBRD may also obtain such a right [to head the Board of Directors].
According to him, the EBRD has involved a consulting company that studied Milli Kart's activities and prepared a report with recommendations to improve the technical procedures and corporate governance of the center.
"This report will be submitted to the Board of Directors to improve the activities of the processing center," he said.
Eurobank has also provided technical assistance to the processing center worth $250,000.
Ltd. was established July 14, 2006 after 18 commercial banks redeemed a processing center of card payments from the Central Bank of Azerbaijan. At present, the minimum participation of banks in the capital center is one percent, and maximal - 10 percent.
The founders of the center are Atabank, Azerdemiryolbank, AzerTurkbank, Bank of Baku, Azerbaijan Senayye Bankasi, Debutbank, Amrahbank, Xalq Bank, Credo Bank, Access Bank, ParaBank, RabitaBank, Bank Respublika, Bank Standard, Texnika Bank, Turan Bank, UniBank and Zamin Bank.
Official rate on August 5 is 0.8034 AZN/USD.