Nominal deposit accounts to open between National Depository Center and Raiffeisen Bank International

27.05.2019,13:11


May 27, Fineko/abc.az. In order to attract foreign investors to the local market, the Financial Market Supervision Authority (FIMSA) signed a Memorandum of Understanding between the National Depository Center and Raiffeisen Bank International (RBI), which provides for the opening of nominal deposit accounts.

The signing ceremony was attended by FIMSA chairman of board Ibrahim Alishev and RBI securities group’s head Attila Szalay Berzevich.

It was noted that as a result of cooperation with RBI and establishment of mutual depository institutions, large institutional investors, which are served by the Bank, will be able to invest in securities of Azerbaijan through registered savings accounts without opening a deposit account and coming to the country.