Azerbaijan’s Muganbank to create investment company

Finance Materials 20 September 2019 19:24 (UTC +04:00)

Baku, Azerbaijan, Sept. 20

By Eldar Janashvili – Trend:

Azerbaijan’s Muganbank OJSC sent a semi-annual report to Azerbaijan’s Financial Market Supervisory Authority (FIMSA) in order to raise the issue of establishing Mugan Kapital OJSC, Trend reports referring to the bank’s semi-annual report.

The main topic of discussion at the June meeting of shareholders of Muganbank was "participation of the bank as the founder of Mugan Kapital OJSC”.

There are currently 9 investment companies licensed by FIMSA.

An investment company is a legal entity created in the form of a joint stock company, licensed to operate an investment company, the sole subject of which is the provision of basic and auxiliary investment services.


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