The State Securities Committee (SSC) registered the additional issue of shares of Bank BTB.
According to the documents, the management of the financial structure intends to increase its charter capital by 11.5% - up to 50 million manat.
The provided aggregate amount of additional securities issue is 5,160,000 manat, divided into 5 160 shares with a nominal value of 1 thousand AZN each.
JSC Bank BTB with a registered capital of 44.84 million manat received a banking license in April 2010. The shareholders are three individuals.
The supervisory board includes three people, one of which is Hafiz Mammadov (Chairman of Baglan Group FZCO, the president of several financial institutions and the football club Baku). Besides him, the structure represents the notary of the 29th notary office Jeyhun Pashaly and the head of the supervisory board of VTB Asim Salamov. --17D-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review