Shares of Credo Bank for a total of 2,000,000 manats were placed at Baku Stock Exchange.
Issue of 3,000 ordinary documentary registered shares with a nominal 10,000 manats passed state registration in October 2012. According to the exchange, all the shares were sold in two transactions (two investors). The underwriting services were provided by Chelsea Capital Ltd.
On today placed 92% (27.6 million manat) 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 48.44 million manat. Credo Bank shareholders are 11 individuals and two entities. - 15B -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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