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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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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