Another Financial Institution on Verge of Bankruptcy

The case of bankruptcy of JSC Investment Company Westmark Financial Leasing has been sent for consideration to the Baku Administrative-Economic Court №1.

According to the report of the court, at this stage, the company will be announced bankrupt by the judge Vusala Bahyshova. Paperwork on the suit on bankruptcy and insolvency will begin on November 18 at the preliminary hearing.

Recall the Financial Markets Supervision House on the fact of judicial decisions this year declared bankrupt 10 commercial banks, 3 insurance companies, and the same number of non commercial organizations with the financial sector "pressed down" by about 30%. --17D-

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