OREANDA-NEWS. July 09, 2009. The International Finance Corporation (IFC) is not ready to enter into capital of one more private bank of Azerbaijan.

Rabitabank OJSC reported Fineko/abc.az that negotiations with IFC on  entering into the bank’s capital are not held at present.

“They were put off in connection with situation in world markets,” the bank reported.

As early as in the end of last year, sides worked on definition of share, which IFC would get in Rabitabank, restricting it with 20% and planned to finish talks by the end of year.

The bank was ready to sell to 25% of capital to two foreign organizations, one of which is IFC till the end of 2008.

We will remind that in March 2007 IFC gave \\$2million loan to the bank, on term of which it could be converted into 10-20 percent pack of shares of the bank, which will be given to the corporation.