Azerbaijan eyes to start holding e-auctions on bank assets’ sale
Baku, Azerbaijan, Nov. 24
By Azad Hasanli – Trend:
It is planned to start holding e-auctions on the sale of bank assets in Azerbaijan next year, Zakir Nuriyev, chairman of Azerbaijan Banks Association (ABA), said Nov. 24 at the 2nd banking forum in Baku.
Nuriyev said that at present, an organization, which will be engaged in holding e-auctions, has been already established under the association, but due to certain technical issues it has not yet started to operate.
“We hope that the organization will start operating next year,” Nuriyev said. “I would like to note that the absence of the relevant law creates certain problems for the activity of such organization.”