JSC "Bank of Azerbaijan" plans by the end of this year to bring its own share capital of 50 million manat.
As reported in the bank, along with the increase of the share capital is expected to optimize the branch network. Thus, in March-April, is scheduled to open a major regional office in Lankarani, and is closer to the fall of the capital near the subway branch Neftchilar. The Bank has 17 branches in the Republic, 3 branches and 32 ATMs.
At the end of January 2013 the authorized capital reached 45.3 million manat. Shareholders "Bank of Azerbaijan" are three individuals and one entity, including Senan and Kanan Mammadov (by 42.97% equity), Mubariz Mammadov (13.31%) and "NEM" Holding (0.74%). -15D -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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