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PROJECT ON CORPORATE DEVELOPMENT OF AZERBAIJANI COMMERCIAL BANKS EXPIRES

Business Materials 21 July 2005 17:04 (UTC +04:00)

The Saving Banking Foundation of International Cooperation completes the implementation of the project on the development of the Azerbaijani commercial banks. The seminar, dedicated to results of the project, was held at Hyatt hotel on July 21 in this regard, Trend reports.

Almost all preliminary technical tasks were performed during the implementation of the project, Rainer Khaberkorn, the head of the project, said.

“There are some defects in the implementation of the project for lack of human resources in some banks,” he noted.

Earlier plans on prolongation of the term of the project, were later postponed. The budget of the project exceeds 300,000 euros.

The project is implemented for UniBank, Republic bank, Bank of Baku and Parabank.

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