Shareholders of JSC AFB Bank for the third time in 2014 decided to increase the authorized capital. At this time the capital will increase at the expense of the shareholders by 10.6 mln AZN in cash.
On September 2 the State Committee for Securities registered the issue of 8 445 shares with a face value of 1,265 manat each. The offering of the securities will be made on the BSE, after completion of which the bank's authorized capital will exceed 70 million manat.
JSC AFB Bank was established in July 2008. By the beginning of this year, the shareholders' equity was 42.3 million manat. In February, the shareholders contributed 10 million manat, and in June shares were converted, which ended in a capital increase by 7.3 million manat.
At the beginning of this year JSC AFB Bank assets were 234.3 million manat. LLC Gilan owns 99,47% of the shares. --08D—
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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