28 June the annual general meeting of shareholders of DemirBank will take place.
As stated in the official report of the company, on the agenda for approval of the annual financial statements , the auditor's bonded to a decision on the distribution of profits and issue dividends.
The overriding objective is to make changes in the composition of the Supervisory Board , the appointment of the board and changes in the bank's charter .
DemirBank OJSC was founded in 1989. The bank's shareholders are more than 850 businesses and individuals. The major shareholders are European Bank for Reconstruction and Development ( 25% +1 share ) and Netherlands Development Finance Company (FMO, 10%).
DemirBank JSC with assets 403.1 million manat to April 1, 2014 among the top ten private banks. The aggregate bank capital is 61.4 million manat . - 17D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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