Details added (first version posted on 11:17)
Baku, Azerbaijan, May 3
Azerbaijan's Financial Market Supervisory Body has appointed the administrator of the country's Bank Standard, Rufat Aslanli, head of the Body's Board of Directors, said during the press conference in Baku May 3.
"Earlier, the Body's Board of Directors adopted a decision to appoint a temporary administrator of Bank Standard from May 3," he said, adding that it is due to the deterioration of the bank's liquidity and capital position.
Aslanli noted that the shareholders are unable to resolve the bank's problems.