Amrahbank announces additional issue
BAKU/30.10.13/TURAN : Commercial Bank OJSC Amrahbank increases share capital by 20 million or 100.8 %.
According to the BSE , the relevant prospectus for 200 thousand ordinary registered uncertificated shares of nominal value of AZN 100 was registered in the State Committee on Securities. Underwriter of the shares will be Ltd. Chelsea Capital.
Currently, the authorized capital of the bank is 19,844,000 manats. The main shareholder of Amrahbank is Chairman of the Supervisory Board Yunis Ildirimzadeh (56.5 % equity ) . - 15B -
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review