In April, shareholders of AGBank to discuss the main directions of its development in 2013
JSC AGBank will convene on April 19 of this year, the general meeting of shareholders.
As reported in the bank, the event will take place at 17:00 in the head office located in Yasamal, Landau Street, 16. The agenda of the meeting includes the following topics:
Board of Directors Report and the Audit Committee on the results of the past year
Approval of the financial results, as well as the composition of the Management Board
Appropriation of profit
Increase in share capital
Discussion of the main directions of development of the bank in 2013
AGBank operates in the banking market since 1992. Shareholders are the 52 individuals and 23 legal entities. - 15B -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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