Azerbaijani Bank's Property Put Up For Auction
(MENAFN- AzerNews)
Ulviyya Shahin
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On July 25, "Baku Auction Center" LLC will hold an open auction
for the sale of the Real estate of "Bank of Azerbaijan" OJSC, which
is in the process of liquidation, Azernews
reports, citing a release made by the liquidator of the bank -
Deposit Insurance Fund (ESF).
The property that will be put on auction is about 8.3 hectares
of agricultural land worth 30,000 manat in Alatli village of
Hajigabul district.
Recall that Bank of Azerbaijan was founded on December 1, 1993
as "Rabbatbank" KB based on the license No. 166 issued by the
Central Bank of Azerbaijan. Since 2004, the Bank has been an Open
Joint Stock Company after changing its organizational and legal
structure.
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