Ziraat Bank intends to help develop Azerbaijan's financial sector - CEO

Business Materials 31 October 2017 11:34 (UTC +04:00)

Baku, Azerbaijan, Oct. 31

By Azad Hasanli Trend:

Ziraat Bank will contribute to the development of relations between two brotherly countries – Turkey and Azerbaijan, Ziraat Bank CEO Huseyin Aydin has said at the opening of the bank’s new head office in Baku.

He noted that Ziraat Bank came to Azerbaijan to help the development of the country’s financial sector.

“With the growing share of Ziraat Bank in the local market, we want to contribute to the development of relations between the two countries,” Huseyin Aydin said.

He pointed out that Ziraat Bank Azerbaijan is a very important part of the Ziraat Finance Group.

Turkish Ziraat Bank’s subsidiary has been operating in Azerbaijan since 2015. The bank's shareholders are Ziraat Bank (99.98 percent), Ziraat Insurance (0.01 percent) and Ziraat Securities (0.01 percent).

Ziraat Bank has been present on the Azerbaijani banking market since 1995 as one of the co-founders of Azer Turk Bank OJSC, where the Turkish bank currently owns 12.37 percent.