The process of integration and transfer of assets of Bank “BTB” OJSC to Azerbaijan International Bank (ABB) continues in stages.
Modern.az reports that this was stated by Taleh Kazimov, Chairman of the Board of the Central Bank, at a press conference dedicated to the announcement of the decision on the parameters of the interest rate corridor.
He noted that the shareholders of “BTB” applied for the conversion of the bank to ABB, and the process is being carried out in stages.
“Most of the deposits have been transferred to ABB, and the transfer of loans is being carried out. Currently, the process continues normally and no problems are observed. We do not see any problems. Customers also apply regarding the progress of the process.”
The Chairman of the CBA noted that the transfer of all assets and liabilities will be completed in the near future:
“I think that by the end of this month, or next month, the transfer of assets and liabilities, and the loan portfolio to ABB will be ensured.”
It should be noted that 74.98% (49,829 units) of the shares of "Bank BTB" OJSC belonged to Mehdiyeva Nigar Ismayil qizi, Ramiz Mehdiyev's daughter-in-law.
