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Price of deal between EBRD and Azerdemiryolbank to grow

Business Materials 24 November 2005 17:30 (UTC +04:00)

The International Auditing Company Caren & Brown will submit the report to Azerdemiryolbank shortly on the initial assessment of its main assets, the bank’s board chairman Roman Amirdjanov told Trend. According to him, the company has been ordered to carry out evaluation of main assets and at the first stage the bank’s building without taking into account of transport vehicles, furniture has been assessed.

According to the work done, the bank’s main assets have been estimated at $5,5 million, rising two times in price, as since 1996 Azerdemiryolbnak has not practically performed re-evaluation of main assets.

According to the balance sheet, the bank cost 32 billion AZM (some $8 million) вЂ" the amount of the consolidated capital plus $5,5 million means increase of its cost to $13 million.

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