Azerbaijani AFB Bank’s leadership changes

10:22 24 Dekabr 2015
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Baku, Azerbaijan, Dec.24

By Azad Hasanli – Trend:

Shahin Naghiyev has been appointed advisor to the chairman of the supervisory board of the Azerbaijani AFB Bank, the bank said Dec.24.

Currently, AFB Bank supervisory board comprises of chairman Mammad Jahangirov, his advisor Shahin Naghiyev and members of the board Farid Alizade and Intigam Safaraliyev, according to the bank.

AFB Bank received a license for the banking activity in December 2008. The bank has officially taken over its 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 (AZN) and authorized capital - 70.39 million manats as of July 1, 2015.

The official exchange rate for December 24 is 1.5528 AZN/USD.

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