The former chairman of the board of JSC Bank of Baku Farid Huseynov was appointed deputy chairman of the Azerbaijani Capital Bank.
According to the information of the oldest financial structure, he at the same time was entrusted with the chief operating administrator of the bank. Huseynov has 14 years of experience in the banking sector and until recently he headed the board of Bank of Baku.
JSC Capital Bank has operated under different names for 140 years. Previously, it was known as Savings Bank. Its shareholders are Pasha Holding (99.84%) and individuals (0.16%). --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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