Legal Rights

Management changes in Azerbaijani bank

Changes have taken place in the management of the Azerbaijani DemirBank OJSC.

Azer Gumbatov left the post of deputy chairman of DemirBank’s board, according to the bank’s website.

The executive board of the bank currently includes two people – Chairman of the board Farid Abushov and his deputy Orkhan Vahabov.

DemirBank, the first commercial bank of Azerbaijan, started to operate in 1989.

Such major international financial organizations as the European Bank for Reconstruction and Development, the Netherlands Development Finance Company are among its shareholders.

Source: Trend