SOCAR says it has no assets in Montenegro

According to him, the reports that SOCAR entered banking sector in Montenegro are not true.

Gasimov added that SOCAR "gave” its tourism-resort complex, which it purchased on Kumbor Island in 2011,  to the "partners”. The partner will be named soon.  

SOCAR reportedly plans to open a bank in Montenegro. The Central Bank of Montenegro is expected to grant a license to SOCAR.  

SOCAR’s tourism-resort complex is estimated at $281.2 mln. The project is implemented by SOCAR’s daughter company Azmont Investments.