In closest time, International Financial Corporation (IFC) is planning to partake in capital of two or three banks, reportedly said Aliya Azimova, representative of IFC in Azerbaijan.
В"We still consider purchasing a stock in Azeri banks. Anyway, we are not going to stake in many banksВ", - Azimova said.
First of these banks will become JSCB Azerigazbank. Azimova said the approval is delayed due to the postponement of session of IFC Council of Directors previously scheduled to April 30, 2006.
IFC announced purchasing 17.5% stock in Azerigazbank at $2.3mln. The bank officials said they are signing an agreement with IFC by June 15, 2006.
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