Azer-Turk Banki put half of the last issue of shares
BAKU/25.10.13/TURAN : Shares of Azer-Turk Banki for a total of 602.21 thsd manat posted on Thursday at the Baku Stock Exchange.
Issue of 1,204,410 ordinary registered non-documentary shares of 1 manat was registered by the end of last month. According to the exchange , all shares were sold in two transactions (two investors ) . Underwriting was provided by Chelsea Capital.
So far they've placed 50% (602,205 AZN ) of the announced issue. According to the legislation issue is held in the case of placing her half .
Paid-in share capital of the bank , thus , reached 12.845 million manat. The shareholders are Turkish Bank TCZiraat 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
-
Global gold futures surpassed $2,800 per troy ounce, setting a historic record, Investing.com reported. The price more than doubled the 2023 average, reflecting increased demand for gold as a safe-haven asset amid inflation and geopolitical uncertainty.
-
The foreign, trade, and transport ministers of Azerbaijan, Turkey, and Uzbekistan convened this week in Ankara for their second trilateral meeting, culminating in the signing of the Ankara Declaration—a strategic document aimed at strengthening regional cooperation in economic, energy, and transport sectors.
-
According to government data, Azerbaijan is experiencing a sharp increase in meat and dairy imports amid a decline in livestock numbers and a surge in feed prices, highlighting the country's difficulties in meeting domestic demand for livestock products.
-
Azerbaijan's foreign trade turnover fell 6.98% in 2024, with exports dropping sharply while imports surged, raising concerns over the country’s trade balance and currency stability, according to customs data.
Leave a review