Baku, Azerbaijan, Oct. 30
By Azad Hasanli - Trend:
"Avangard-1" company is not a shareholder of Azerbaijani Xalq Bank any more.
"Amal Invest Group" LTD is a new shareholder," the statement said. "Some 16.15 percent of "Avanqard-1" was transferred to Amal Invest Group."
Currently, the largest stake in the bank is owned by "İdeal Business Ko" LTD, while 33.85 percent stake - "EuroStandard" LTD.
"Xalqbank" started its activity in 2004.
As of early 2015, the bank's loan portfolio exceeded 990 million manat. Some 300 million manat accounted for the funds in foreign currency. The number of legal entities having the accounts in the bank is 4,843, while physical entities - 57,714.
There are 43 banks in Azerbaijan.
The official exchange rate is 1.0493 AZN/USD Oct. 30.
Edited by CN