Supervisory Board of "Azer-Turk Bank" held meeting

The first meeting of the reorganized Supervisory Board of " Azer-Turk Bank" OJSC was held. Members of the Supervisory Board, representatives of Azerbaijan Investment Holding and executives of "Azer-Turk Bank” took part in the meeting chaired by the Chairman of the Supervisory Board, CEO of Azerbaijan Investment Holding Ruslan Alikhanov.
Implementation of the follow-up tasks issued from relevant decrees and orders of the President of the Republic of Azerbaijan was discussed during the meeting. Mr. Alikhanov, said that "Azer Turk Bank" OJSC should be a reliable business partner for all its customers, provide financial support to the real sector of the country's economy, and focus on prompt service by applying modern banking technologies.
The Bank's corporate management system, management and financial reports, as well as the implementation of the bank's strategic initiatives, were discussed by meeting participants.
75 percent of the shares of "Azer-Turk Bank" OSC, operating since 1995, belong to the state of Azerbaijan. According to the Decree signed by President Ilham Aliyev dated July 16, 2022 “On improving the management of Azer-Turk Bank" OJSC was transferred to the management of Azerbaijan Investment Holding.