Baku, Azerbaijan, Feb. 14
By Azad Hasanli – Trend:
Changes are expected in the structure of the supervisory board (SB) of Azerbaijani Unibank, according to the message of the bank.
The topic is to be discussed at the bank shareholders’ meeting on Feb. 22.
Current members of the supervisory board are Eldar Garibov (chairman), Emin Guliyev (deputy chairman), Zoltan Salai (SB member), Elkhan Garibli (SB member), Michael Neumer (SB member).
Assignment of external auditor and changes to the bank charter, a question concerning deals of special importance, are to be discussed during the meeting.
Unibank completed 2017 with a profit of 4.044 million manats. The bank’s loan portfolio last year amounted to 280.1 million manats, the authorized capital - 125.686 million manats (1.8 times growth for the year) and the total capital - 67.488 million manats.
Unibank has been operating in Azerbaijan since 2002. The bank was founded following the merger of two private commercial banks – MBANK and PROMTEXBANK.
Following the merger, the European Bank for Reconstruction and Development (EBRD) and the German Investment and Development Corporation (DEG) became shareholders of Unibank with 18.5 and 25.99 percent, respectively.
Chairman of supervisory board Eldar Garibov holds 41.9 percent of shares, other natural and legal entities – 3.8 and 7.6 percent, respectively.
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