Baku, Azerbaijan, Feb. 3
By Azad Hasanli - Trend:
A subsidiary of Turkish Ziraat Bank in Azerbaijan - Ziraat Bank Azerbaijan has announced the full management and shareholder staff.
Thus, the Supervisory Board, headed by Huseyn Aydin, also includes Muharrem Karsli, Yusif Dajan, Ali Tashdemir and Burhaneddin Tanyeri, the bank said.
The board staff is as follows: Chairman Avni Demirchi, his deputy Alptekin Sarigol, Member of Board Vugar Rafiyev.
The audit committee is supervised by Ilhan Eniaydin. The committee staff also includes Shenol Ozyurt and Levent Marmarali.
The bank shareholders are Ziraat Bank (99.98 percent), Ziraat Insurance (0.1 percent) and Ziraat Securities (0.1 percent).
T.C. Ziraat Bankasi received in late 2014 a license from the Central Bank of Azerbaijan to conduct banking activities in Azerbaijan through its subsidiary, the Ziraat Bank Azerbaijan.
Turkish Ziraat Bank's branch has officially begun its activity in Azerbaijan in July.
Ziraat Bank Azerbaijan's authorized capital is 50.5 million manat.
T.C. Ziraat Bankasi has been operating since 1863, and is the largest bank in Turkey.
Outside of Turkey the T.C. Ziraat Bankasi is currently present in Germany, Bosnia and Herzegovina, Russia, Kazakhstan, Turkmenistan and Uzbekistan.
The bank also has offices in the UK, the US, Bulgaria, Georgia, Iraq, North Cyprus, Greece, Saudi Arabia and Iran.
TC Ziraat Bankası has been operating on the banking market of Azerbaijan since 1995 as one of the founders of Azer-Turk Bank. Currently, the Turkish bank owns 12.37 percent. Its subsidiary Ziraat Bank International AG owns 1.08 percent in this joint bank.
The official exchange rate is 1.5894 AZN/USD Feb. 3.