![NDC recorded growth enterprise market by 86.5 %](https://turan.az/resized/./turan-750-500-resize.webp)
NDC recorded growth enterprise market by 86.5 %
In 2013, the volume registered in the JSC National Depository Center of transactions for the sale of shares and corporate bonds increased as compared with the previous year by 86.5 %. However, the annual rate of turnover of corporate securities is far from even figure for 2011.
According to the NDC in 2013 were recorded 4,693 transactions on purchase and sale of corporate securities totaling $ 1 billion 825 million manats. Operations increased growth in all segments.
Compared with the previous year the number of transactions decreased by 2.6% , mainly due to exchange transactions , they told Turan the NDC. The main reason - the restriction of the primary market of more than 1 billion manat.
Last year, the volume of exchange transactions (3,787 transactions) as secondary trading of corporate securities increased by 2.2 times and amounted to 835.7 million manat. Equally increased the OTC turnover, whose annual value exceeded 181 million manat. While in 2012 the average amount of a prisoner exchange deal is made ??about 128,000 manat , last year the figure was 400,000 manat.
The volume of primary placement CBR has registered in the NDC from 453 transactions in 2013 amounted to over 808 million manats. This is 48% more than in 2012 .
NDC is a monopolist in the depository services and maintaining the register of securities holders. He controls almost 99.9 % of the market and serves about 1,600 issuers. Since 2008, the NDC does not disclose annual financial statements. The Depositary shall not disclose a list of the companies they serve.
Other depository (Corporated Trust Agency) serves only one company (JSC IBA). - 08B-
-
- Economics
- 16 January 2014 16:21
Economics
-
The weaknesses of strategic planning in the Azerbaijani land transport sector were revealed during a briefing on improving legislation, which was attended by representatives of the Azerbaijan Land Transport Agency (AYNA) and the Ministry of Digital Development and Transport.
-
The Cabinet of Ministers of the Republic of Azerbaijan has made changes to the existing provisions regarding the approval of construction documentation and the service fees for construction. The amendments are guided by Article 119 of the Constitution of Azerbaijan and are aimed at simplifying processes related to construction permits and operations.
-
The Cabinet of Ministers of the Republic of Azerbaijan has approved a new procedure for the recruitment of medical personnel to medical institutions included in the state healthcare system. The decision, which comes into force on January 1, 2025, aims to enhance the implementation of compulsory health insurance in the country.
-
The Organization of Turkic States (OTS) convened a pivotal meeting in Guba, recently named the agricultural capital, to introduce the "OTS Made" brand for agricultural products. Representatives from the Ministries of Agriculture of Azerbaijan, Turkey, Uzbekistan, Kazakhstan, and the Turkish Republic of Northern Cyprus, along with experts from relevant departments, participated in the event.
Leave a review