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Azerbaijani bank’s leadership changes

Azerbaijani bank’s leadership changes

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Date: 8 December 2015 20:22

Baku, Azerbaijan, Dec.8

By Azad Hasanli – Trend:

The staff of the AFB Bank Supervisory Board has been changed, the bank told Trend Dec.8.

Mammad Jahangirov has been appointed new chairman of the Supervisory Board. He replaced Elhan Hashimov.

Currently, AFB Bank Supervisory Board is being headed by Mammad Jahangirov and member of the Board Shahin Naghiyev.

Earlier, the staff of the AFB Bank Supervisory Board has changed, and Akif Asgarov resigned from the post of chairman of the Board.

Currently, this post remains vacant.

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 manats and authorized capital - 70.39 million manats as of July 1, 2015.

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