Rarabank today started placing an additional issue of shares in the amount of 7,316,600 manat.
According to Baku Stock Exchange (http://www.bfb.az/news/2014/11/parabank-asc-nin-sehmlerinin-yerlesdirilmesi/3372), a recognized platform for trading, as a result of placement of securities the bank’s authorized capital grew by 23.2% to 38.887 million manat.
According to BSE, the new placement of shares by Parabank is included in its non-quotation list. The additional issue is divided into 36,583 shares with a par value of 200 manat.
Underwriter of the placement is Unicapital.
Completion of the placement of the additional issue is designed for up to 20 October 2015.
Parabank has a registered capital of 31,570,400 manat and it was established in 1991. Its shareholders are 2 businesses and 18 individuals. --17D-
Economics
-
Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
-
The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
-
Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
-
The Cabinet of Ministers of Azerbaijan has approved a new Unified Tariff Schedule to determine the monthly salaries of public sector employees financed through the state budget. This decision, outlined in Decree No. 540, comes into effect on December 26, 2024, and is aimed at standardizing wages in the public sector.
Leave a review