The general meeting of JSC Bank BTB dismissed Jeyhun Pashaly from the post of Chairman of the Supervisory Board and appointed Rza Sadig in his place.
Rza Sadig is a shareholder and owns 19% of the shares.
JSC Bank BTB was founded in 2010. The bank is monitored by Nigar Mehdiyeva (75%), the sister of Rza Sadig. At the beginning of October, the bank's assets amounted to 156 million manats, which is 14 million manats more than in the beginning of the year. Over three quarters the bank gained profits in the amount of 132.4 thousand manats.
The other day the issue of shares of the bank, amounting to 2 million mantas was registered. Thus, the capital of Bank BTB was brought to 52 million manats. -----08D
Economics
-
Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
-
Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
-
Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
-
The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
Leave a review