JSC Rabitabank increased its authorized capital by AZN 5 million and started 2013 with a registered capital of 35 million manat and total capital of 39 million manat.
As reported in the bank, the decision to increase the share capital was adopted by the General Meeting of Shareholders in 2012 end. To this end, during the year have been consistently implemented an additional issue of shares, and all shares were successfully placed by open subscription on the BSE.
During 2013 Rabitabank intends to continue measures to increase bank capitalization, the report said.
Recall that Rabitabank operates on the market for 20 years. The Bank is currently represented in 14 regions of Azerbaijan's extensive branch network, which consists of 18 branches, 2 offices and 1 representative office.-15D--
Economics
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"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.
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Данная инициатива направлена на цифровизацию процессов управления в сфере безопасности пищевых продуктов в Азербайджане, создание более эффективной и прозрачной системы за счет применения современных технологий.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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