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Management changes at Azerbaijan's Unibank

Business Materials 18 May 2018 15:33 (UTC +04:00)
The deputy chairman of Azerbaijan's Unibank's Board for retail banking and marketing, Taleh Tahirli, left this post at his own request
Management changes at Azerbaijan's Unibank

Baku, Azerbaijan, May 18

By Azad Hasanli - Trend:

The deputy chairman of Azerbaijan's Unibank's Board for retail banking and marketing, Taleh Tahirli, left this post at his own request, the bank told Trend.

Tahirli made such a decision in connection with family issues, according to the bank.

Following Tahirli's resignation, the bank's board consists of Chairman Faig Huseynov, First Deputy Asef Huseynov, and members of the Board Igor Okaev and Vafa Kalantarova.

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.

As of March 2018, the authorized capital of the bank was almost 125.7 million manats.

($1 = 1.7 AZN on May 18).

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Follow the author on Twitter: @AzadHasanli

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