The State Committee for Securities registered the day before (http://www.scs.gov.az/n480/muganbank) the next issue prospectus of ordinary non-documentary registered shares of JSC Muganbank under the number AZ1001005466.
After the successful placement of securities the share capital of the financial agency will increase from 41 million 305.80 thousand to 46 million manats. The current issue volume of 4 million 694.2 thousand manats is divided into 23,471 shares with par value of 200 manats.
JSC Muganbank was founded in 1992. In total the country has 30 branches and 4 branches of the bank. They provide customer service for all types of banking products. --17D-
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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According to data from the Baku City Statistical Department, the retail trade turnover in Azerbaijan’s capital, Baku, increased by 5% year-on-year from January to November 2024, reaching 31.6 billion manats. This growth reflects the steady recovery of the economy and consumer confidence amid broader market stability.
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