One of IBA enterprises left as deposit sold

Baku. 21 August. REPORT.AZ/ The non-bank credit organization (NBCO) “Agrarcredit”, engaged in the management of troubled assets of the International Bank of Azerbaijan (IBA), has sold one of the enterprises left as a deposit.

Report was informed at the NBCO.

It is reported that the sold enterprise is the enterprise on the production of wine in Novkhani settlement of Absheron region. Along with it, it has not been reported who has purchased the enterprise and for how much.

The NBCO continues the sale of the other loaned facilities: “Baku Hazelnut Processing Factory” in Sabunchu district in Baku, shoe factory BOT on Binagadi highway, the trade-service institution “Stimulus” in Zagatala region, enterprises on the production of construction materials in Mingachevir and Dashuz village of Sheki region, the enterprise on the production of meat and dairy products in Garasu village of Sheki region and the enterprise on the production of concrete in Samgori district in Tbilisi (Georgia).