Shares of Credo Bank for a total of 300,000 manat were posted on Wednesday at the 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 shares were sold in a single transaction (one investor). Underwriting services were provided by Chelsea Capital Ltd. So far they have placed 84.7% (25.4 million manat) of the announced issue. According to the legislation an issue is held in the case of placing a half of it.
Paid-in share capital of the bank, thus, reached 46.24 million manat. Credo Bank shareholders are 11 individuals and two entities. - 15B -
Economics
-
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.
-
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.
-
Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
-
While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
Leave a review