Azerbaijani International Bank’s chairman sacked (UPDATE)
Details added (first version posted on 15:50)
Baku, Azerbaijan, Dec. 8
Elmar Mammadov, chairman of Board of the International Bank of Azerbaijan (IBA), has been dismissed upon the decision of the IBA Supervisory Board, a source in Azerbaijan’s financial circles, told Trend Dec. 8.
Mammadov was appointed as the IBA Board chairman for four years in July 2015.
Earlier, Mammadov served as chairman of boards at AzerTurkBank and Kapital Bank.
Khalid Ahadov, who has been acting chairman in AzerTurkBank since December 2, 2016, was appointed as IBA acting chairman.