Baku, Azerbaijan, Jan. 29
By Anvar Mammadov - Trend:
The creditors’ committee of Azerbaijan’s Bank Standard intends to take control over auctions on the bank’s property sale, Akram Hasanov, chairman of the committee, said.
He made the remarks at the committee's meeting in Baku Jan. 29.
“We must be present at the auctions and control how, to whom and for what price the bank’s property is sold,” Hasanov said. “It is necessary to create a special working group for this.”
In addition, Hasanov considers it necessary to supervise the return of debts on loans issued by the bank.
License of Bank Standard was revoked on Oct. 1, 2016, and on Oct. 4, the bank was declared bankrupt.