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Former head of Azerbaijani bank’s branch takes over position in other bank

Former head of Azerbaijani bank’s branch takes over position in other bank

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Date: 11 November 2015 20:17

Baku, Azerbaijan, Nov. 11

By Anvar Mammadov – Trend:

The staff of the AFB Bank Supervisory Board has been changed, the bank told Trend Nov. 11.

Mammad Jahangirov has been appointed member of the Supervisory Board. He replaced Rovshan Hasanov, who has recently passed away.

Jahangirov headed the Senayye branch of the International Bank of Azerbaijan (IBA) until April 17, 2015.

Currently, AFB Bank Supervisory Board is being headed by Elhan Hashimov. The members of the Supervisory Board are Mammad Jahangirov and Shahin Naghiyev.

AFB Bank received a license for the banking activity in the Central Bank of Azerbaijan in December 2008. He has officially taken over his position since February 2009.

The shareholders are two physical entities (0.36 percent) and "Gilan" LLC (99.64 percent).
AFB Bank’s total capital is 75.6 million manat and authorized capital - 70.39 million manat as of July 1, 2015.

The official exchange rate is 1.0504 AZN/USD Nov. 11.

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