Shareholders of Azerbaijani DemirBank to make changes to board of management
Baku, Azerbaijan, May 13
By Emin Aliyev - Trend:
Shareholders of the Azerbaijani DemirBank will make changes to the Supervisory Board and management board at their general meeting.
The agenda of the shareholders` general meeting to be held on June 28, also includes the issues such as the approval of the audited balance sheet for 2013, the annual report on investment securities, changes in the Bank's Charter, the general meeting of shareholders, the Supervisory Board, the Management Board and Audit Committee, as well as the issues related to the distribution of profits.
The first commercial bank of Azerbaijan, DemirBank started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO). DemirBank has the "B" rating with "positive" forecast of "Planet Rating" and "Fitch Ratings" agencies.
Edited by C.N.