A Millikart Shareholder Yields Sells Part of Its Share to EBRD

Business Materials 31 March 2007 14:53 (UTC +04:00)

Azerbaijan, Baku / corr. Trend I.Khalilova / The annual assembly of Council of Founders of Millikart LLC at the beginning of April will send an official invitation to the European Bank for Reconstruction and Development (EBRD) to join the capital of the Center, LLC informs. The EBRD will be sold 9% of the shares of one of the founder-banks of the Center.

Some changes should be injected into the Charter of the Processing Center for admitting new shareholders.

The National Bank has signed a constituency agreement with 18 banks on its transfer to management. "Millikart" was founded on 14 July, 2006. Millikart began functioning since 2 October 2006.

The statutory fund is at an AZN 4 mln level. Atabank, Azerdemiryolbank, Azerturkbank, Bank of Baku, Azerbaijan Industrial Bank, Debutbank, Emrah Bank, Khalg Bank, Kredobank , Azerbaijan micro financing Bank, Parabank, Rabitabank, Republic Bank, Standard Bank, Texnikabank, Turanank, Unibank and Zaminbank are the center's founders.