Latvian investment company enters Azerbaijani market

Business Materials 3 November 2011 14:53 (UTC +04:00)

Azerbaijan, Baku, Nov. 3 / Trend , N.Ismayilova /

An office of the Latvian RB Baku with an authorized capital of 5,000 manat has passed state registration with the Azerbaijani Taxes Ministry through the "single-window" system, the ministry reported.

The company was registered on Oct. 4.

Ilgar Aliyev acts as its legal representative. The founders of the company are the Latvian Rietumu Banka and RB Investment.

Rietumu Banka is the Latvian commercial bank founded in 1992.This is one of the largest private banks in the Baltic States, specializing in serving businesses and private fortunes. In 2004, Rietumu Banka bought a Russian brokerage company Eco Save, and established a new investment company, RB Investment.