BAKU, Azerbaijan, April 20. Expressbank was the
most complained-about bank in Azerbaijan in March of this year,
Trend reports via
the country's Central Bank of Azerbaijan (CBA).
During the reporting month, Expressbank OJSC was the most
complained-about bank.
Thus, in the above complaint index, Expressbank OJSC took first
place with an index of 2.64.
"The index was calculated based on the principle of
proportionality of complaints received by the CBA regarding the
customer services of a given bank, taking into account the volume
and scope of financial services provided by that bank," the CBA's
statement noted.
Expressbank, the first commercial bank among the existing ones,
was established on June 21, 1989, operating for a long period under
the name "Azernagliyyatbank". The bank was licensed by the CBA on
December 30, 1992. By the decision of the General Meeting of
Shareholders made on February 1, 2010, the name of
Azernagliyyatbank OJSC was changed to Expressbank OJSC. The
relevant amendment to the charter was registered on March 4,
2010.
The Chairman of the Supervisory Board of Expressbank OJSC is
Afgan Javadov. The bank has an authorized capital of 112.5 million
manat ($66 million).
The shareholders of the bank are Hafiz Seyidov with a 19.9832%
share, Azerbaijan Land Transport Agency public legal entity with a
0.3794% share, Azenco Group LLC with a 48.7833% share, and
Energoservis LLC with a 30.8541% share.
