The 8th in a row metropolitan branch of JSC Khalg Bank has opened in Baku at AZ 1025, 25E Nobel Avenue. It is led by Sevinj Akhundova. Interested people can call (+994 12) 404 81 15 (16).
The unit entitled Ag Shahar as well as its other "brothers" provides customers with a full range of banking services on weekdays from 9:30 in the morning till 17:00, Turan was told in the bank.
JSC Khalg Bank is the only one of the big banks, whose regional network of branches is wider than the metropolitan network - 19 to 8.
JSC khalg Bank received its banking license on December 30, 2004. Its shareholders are 3 legal entities: LLC Ideal Business (50%), LLC Euro Standard (33.85%) and LLC Avant-garde - 1 (16.15%).
The Chairman of the Supervisory Board is Asim Mammadli. The Chairman of the Board of the bank is Elkhan Aghayev. --17D-
Economics
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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