Azerbaijan, Baku, Aug.6 / Trend, N. Ismayilova /
Central Bank of Azerbaijan (CBA) has canceled a license for conducting limited banking operations, issued to LLC Cavanshir, the CBA said.
According to the Bank, the decision has been taken given failure to submit two successive reporting, and hold annual audit.
In connection with cancel of the license a liquidation commission was created and began the liquidation process.
CBA issued a license to conduct limited banking company to LLC Cavanshir Oct. 25, 2002.