New investment bank to be established in Baku

New investment bank on Islamic principles can be established in Azerbaijan, said the chairman of Coordination Council of Finance Bank Council of the CIS Anatoly Kazakov.

According to him, different discussions are being held in this sphere. If this bank is established, it’s planned to invest in Azerbaijan, Russia and CIS Countries. Investments can be directed to material processing, infrastructure projects and other spheres. This bank is planned to establish within the Islamic banking sector of International Bank of Azerbaijan. This may be completely separate bank.


/APA/