OREANDA-NEWS. April 15, 2010. A relevant initiative group source says that preparation for their appearance in Azerbaijan is underway. Scheme and preliminary business plan of the appearance is being worked out.

“And a probability that Savings Bank and Gazprombank will be offered either to draw local partners or to acquire an equity stake in one of the existing credit institutions is great,” the source said.

But the source did not indicate whether management of both Russian banks has already sanctioned such moves.