Azer-Turk Banki completed the placement of the last issue of shares
Shares of Azer-Turk Banki for a total of 602.21 million manat were posted on BSE on Monday.
Issue of 1,204,410 ordinary registered non-documentary shares of 1 manat passed state registration at the end of last month. According to the exchange, all shares were sold in two transactions (two investors). The underwriting was provided by Chelsea Capital LLC. At present, 100 % of the announced issue has been placed.
The paid-in share capital of the bank, thus, reached 13.447 million manat. The shareholders are Turkish bank TC Ziraat Bank A.S. (46.00 %), the stock credit organization Agrarkredit (46.00 %) , the bank Ziraat Bank International AG (4.00%) and Turanbank (4.00%). -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