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Board of Directors of Millikart LLC Fixed Initial Date of General Meeting of Shareholders

Business Materials 26 December 2006 16:49 (UTC +04:00)

According to the decision of the Board of Directors of Millikart Limited Liability Company, the general meeting of the shareholders of the Card Payment Center is planned to be held in the middle of January 2007. It will be dedicated to the consideration of the 2006 results, Trend reports with reference to the Center. In addition, the Board of Directors confirmed the 2007 budget of Millikart LLC. According to the forecasts, it is expected in 2007 to complete the small damages in amount of AZN 50,000. It will take place in case of migration of 4 banks from the composition of the shareholders of Millikart to the Center, and if their number increases by 1-2 banks, it will allow receiving incomes in amount of AZN 100-150,000. Presently there is appointment for only 4 banks to be migrated from the Processing Center Azerikart. The National Bank of Azerbaijan (NBA) signed a constituent agreement on passing the centre to the management with 18 banks. Millikart was established on 14 June, 2006. The founders
of the centre are Atabank, AzerDamirYolBank, AzerTurkBank, Bank of Baku, CIBank DebutBank, AmrahBank, KhlgBank, KredoBank, Microfinancing Bank of Azerbaijan, ParaBank, RabitaBank, RespublikaBank, Bank Standard, TekhnikaBank, TuranBank, UniBank and ZaminBank.

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