NATIONAL BANK OF AZERBAIJAN SOLVES CONTRADICTION
AzerTag, Azerbaijan
[August 29, 2005, 14:13:23]
The national Bank of Azerbaijan has solved contradiction about the
Kazakhstan based “Bank Turan-Alem” which is going to open its office
branch in Azerbaijan, reported AzerTAj.
According to the Bank’s press release, rumors disseminating by some
mass media about the Turan-Alem’s Armenian relations are erroneous.
It added the Bank Turan-Alem has not been registered by the National
Bank and now it’s procedure reference is considering. Amongst the
shareholders of Turan-Alem are the European Bank for Reconstruction and
Development, the International Finance Corporation, some prestigious
foreign financial structures, said the National Bank.
The case in connection with purchasing by Turan-Alem of the
Armenia-based commercial bank Mejinvestbank’s shares wouldn’t as
evidence of it’s Armenian management, noted the National Bank’s
press release.
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Direct link to this article: https://www.armenianclub.com/2005/08/30/baku-national-bank-of-azerbaijan-solves-contradiction/