Foreign investors will not leave AG Bank, according to the bank’s information (http://www.contact.az/docs/2016/Economics&Finance/042800154322ru.htm#.VybpF00fDIV).
In reality, according to the requirements of the Central Bank, the authorized capital of AG Bank increased. The increase was mainly due to the participation of the main shareholder Chingiz Asadullayev. In this connection, the share of other shareholders decreased automatically.
The authorized capital of the bank, according to the press release, has been increased by 77.2 million manat to 102.2 million manat. After that, the shareholders equity has been changed.
According to information, the main shareholder of AG Bank is the Chairman of the Supervisory Chingiz Asadullayev. His share increased from 23.27% to 31.68%.
The share of the International Finance Corporation in the bank decreased from 17.5% to 4.28%, the share of the company Kazimir Partners - from 10% to 2.45%, and the share of Farzullah Yusifov - from 17.76% to 5.79%.
AG Bank has received a new shareholder, Grigory Marchenko. He became the owner of 8.3% of its shares. The other 80 shareholders of AG Bank possess 47.5%. Another innovation of the bank is to increase the number of shareholders from 64 to 85. -0-
2016 May 01 (Sunday) 18:06:23
Foreign partners of AG Bank curtail their participation in this organization. Thus, the proportion of shares in the International Finance Corporation decreased from 17.5 to 4.28% and the share of Kazimir Partners decreased from 10 to 2.45%.
According to the bank, Farzulla Yusifov has also become a minority shareholder - his share fell to 5.79% from 17.767%. Now the bank has one shareholder with a share of more than 10% - it is the Chairman of the Supervisory Board Chinghiz Asadullayev, whose share increased from 23.27 to 31.68%.
The new partner, the former Chairman of the National Bank of Kazakhstan Grigory Marchenko, who has become a member of the Supervisory Board of AG Bank, has 8.3% of the shares.
In addition, the number of its minority shareholders has increased by 21 (from 63 to 84), so now their share in the authorized capital of the bank amounts to 68.32%.
JSC AG Bank with a registered capital of 77.2 million AZN has operated in the local market on the basis of the CBA license since 1992. The Supervisory Board consists of its head Chinghiz Asadullayev, Farzulla Yusifov, Grigory Marchenko, Azer Movsumov, and a representative of the International Finance Corporation.
The Acting Chairman of the Board is Afghan Jalilov. Except for him, the Board includes the Deputy Chairman Tokay Alizadeh, Sakina Khalafova and Elnur Musayev.
The recent meeting of the shareholders decided to increase its charter capital from 77.2 million to 102.2 million AZN. The Ministry of Taxes will adopt the issue on these days. --17D-
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