Staff Changes at JSC Unibank

Unibank has undertaken staff changes. A member of the Board and Head of the Risks Department Azad Gasimov voluntarily left these two positions in favor of working a non-financial holding. Instead, the functions are performed by the Operations Director Yalcin Taryverdiyev.

According to the information, Majid Mammadov became head of the Corporate Services instead of Igor Okayev, who went to another commercial bank.

Executive Director of the bank is Khalid Ahadov, his first deputy and senior financial administrator is Emin Rasulzadeh, Director of Administration and Business Support is Vadim Gadirov, the Director of the Distressed Consumer Credits Department is Araz Karimov, the Director of the Retail Banking Department is Taleh Tahirli, and the Chief Technology Officer is Asif Nazarov.

JSC Unibank is valid from 15 October 2002 since the merger of two private commercial banks in Azerbaijan - M Bank and Promtechbank.

The main shareholder is Eldar Garibov (68.3384%). The European Bank for Reconstruction and Development has 15.1515%, the German Investment Corporation owns 8.3333%, Zemfira Jafarova has 5.5%, and minority shareholders have 2.6768% of the shares. --17D-