IBA president changed

Chairman of the International Bank of Azerbaijan watch-dog council, Minister of Finance Anaz Alakbarov has dismissed Fuad Akhundov from the position of president of the IBA. Mr. Akhundov had worked in the position since 1995.

Jahangir Hajiyev, who had been director of the Bank’s investment and credit section, has become the new chairman of the board of the Bank.*