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International Bank's Supervisory Council approved new board

Business Materials 4 August 2006 14:55 (UTC +04:00)

The Supervisory Council with the International Bank of Azerbaijan (IBAR) approved the new board staff of the bank. Banks officials told Trend in accordance with the Law Banks credit organizations boards shall be reelected once in four years and approved by National Bank.

According to the changes taken place in the board the first deputy chairman with IBA was appointed Emin Mustafayev. Earlier this position was vacant upon leave of Rauf Rzayev due to his appointment chairman of Kapitalbnks board.

The bank officials said replacements in board are submitted to NBA for approval.

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