President of Azerbaijan Ilham Aliyev on Wednesday signed an order on the transfer of OJSC International Bank of Azerbaijan (ABB) to the Office “Azerbaijan Investment Holding (AIH)”, reports the official website of the head of state.
According to the order, the powers of the President of Azerbaijan include the decision to sell the bank, its liquidation.
The authorities of Aih in coordination with the president include: approval and early cancellation of the powers of members of the Supervisory Board and Bank officials; making a decision on increasing the authorized capital of the bank; approval of the external auditor of the bank; making a decision on the payment of dividends; Creation / elimination of subsidiary structures of the bank.
According to the Order, the Supervisory Board of the Bank will consist of five people.