On the exchange deal was concluded on 10 % of shares of Bank Technique
Baku/12.12.13/Turan : Baku Stock Exchange on December 9, a deal was made with 10 % shares ( at the beginning of July 2013 ) of BankTechnique. Since 2012 , the bank is in serious turmoil , which turned change of all the shareholders .
Traded were 6,476 shares with a par value of 6.476 million manat. The deal amounted to 4,322.7 thousand manats, that is, the shares were sold at a price lower than a third of the face value . The shares were sold on one lot .
In the brokerage company Tekhnika Capital Management ( a subsidiary of JSC BankTechnique) they told Turan that the purchaser is a resident of Azerbaijan. The broker was another member of the exchange .
Recall that in July this year, the State Committee for Securities registered the issue of 15,245 shares of BankTechnique with a value of 1 thousand manats each .
According to the prospectus , shareholders of "Bank Technique" are two of the legal entity (Beaford Investissements", Luxembourg - 75% and Kazimir Caspian Fund Limited, Cayman Islands, United Kingdom - 10%) and three local physical persons (Alihusein Askerov, Habil Javadov and Kamran Akhundov - only 15 %). It is assumed that the ranks of the shareholders was left by Kazimir Caspian Fund Limited.
Bank Technique before September 2012 was called Tekhnika Bank, which belonged mainly to LLC World Wines (75%) and Etibar Aliyev ( 15%). Paid-up capital of the bank at the beginning of July this year amounted to 64.755 million manat . - 08B-
Economics
-
President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
-
Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
-
Azerbaijan’s parliament has approved a law establishing minimum living standards for 2025, with specific allocations for various demographic groups. The legislation, signed by President Ilham Aliyev on December 16, will come into force on January 1, 2025. The presidential decree was published on December 27.
-
The President of Azerbaijan issued a decree on December 27, 2024, to implement the "2025 State Budget Law" aimed at streamlining the allocation and execution of government expenditures. The legislation, codified under law number 93-VIIQ, outlines detailed budget appropriations across various sectors, reflecting strategic priorities in defense, education, healthcare, and infrastructure.
Leave a review