JSC Capital Bank issues first dividends
At the May 27 general meeting of shareholders on the results of 2013, it was decided to send the net profit of JSC Capital Bank for the payment of dividends to the shareholders. The bank also increased its registered capital by 24 % due to retained earnings at the end of 2012.
By the end of 2013 the shareholders received dividends totaling 21 million 301 thousand manats. Stock returns at face value of AZN 10 were 14%. Profit of 35 million 850 thousand manats will be forwarded to increase the authorized capital. Thus, the nominal value of the shares was brought to AZN 12.39.
Shareholders of Capital Bank approved the report for 2013. The Management Board informed the shareholders that the preliminary figures give grounds for assuming a higher return on equity.
JSC Capital Bank has about 170 shareholders. The holder of 99.84 % of its shares is LLC Pasha Holding. The bank was privatized in 2007. Since that time, no dividends were paid and the authorized capital was increased from 24 million to 150 million manat. -08B-
-
- Economics
- 27 May 2014 16:46
Economics
-
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.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
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.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review