Xalq Bank OJSC is a bank registered in Azerbaijan.[1069] In December 2022, the bank’s ultimate beneficial owners were Leyla and Arzu Aliyeva and their grandfather, Arif Pashayev.[1069] The shareholders of the bank are Ideal Biznes Ko (50%), Yevro Standart (33.85%), and Foton LLC (16.15%),[1069] the latter of which is linked to Leyla Aliyeva’s Russian companies.[1114] [484] [483] [485] [1339]
Azerbaijan: Aliyev Empire
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