(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 1. Nakhchivan Bank has nofinancial problems, Chairman of the Central Bank of Azerbaijan(CBA) Taleh Kazimov said, Trend reports.
He made the remark during the press conference on changes in theparameters of the discount rate.
He mentioned that this bank had sold a portion of its shares toKapital Bank.
"The bank's stockholders made this decision. Even now,shareholders will debate and vote on specific concerns. However,there is no concern with the financial strength," heemphasized.
Nakhchivan Bank ("Nakhchivanbank" JSC) was founded in 2008 toprovide financial services to the population of the NakhchivanAutonomous Republic as well as those working in small andmedium-scale entrepreneurship. It is Azerbaijan's second regionalbank.
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