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Government initiates to privatize agro credit organization

08 May 2006 [15:47] - TODAY.AZ
Azerbaijan government initiates to privatize agro credit organization till 2008.

As ANS reports, this institution will be a bank after privatization. But there is difference of opinion among some international institutions. EU will contribute to the privatization of "Agro credit" non-bank credit organization in the frame of new project. Meanwhile, the former project of EU finished April 20.

And the last privatization date was defined to the end of 2008, said Yusif Valiyev, the first deputy chairman of board. He says that the institution will get bank license before privatization. The communication condition of the institution is useful for activation of "agro credit" as a bank.


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