The shareholders of JSC Bank BTB completed the capitalization of the bank to the minimum set by the Central Bank, 50 million manat. The procedure took place in the Baku Stock Exchange on May 8.
According to the stock exchange, the right of priority was enjoyed by all the three shareholders who paid AZN 5,160,000 for the acquisition of 5,160 common documentary shares. At the same time, according to the shareholders' decision of February this year, the shareholders paid only 218 thousand manat in cash. The remaining funds (4.92 million manat) were sent to the capital from the retained earnings of the bank.
JSC Bank BTB was established in 2011 with registered capital of 12 million manat. Currently, the shareholders include Nigar Ismayil Gizi Mehdiyeva - 75%, Sadig Rza Ismayil Oglu - 19% and Mahmudova Tukazban Agha Gizi - 6%. -----08B
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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