General Meeting of Shareholders of DemirBank will take place on June 29, which will focus on organizational and financial nature.
In accordance with the requirements of the legislation, the shareholders elected a new Supervisory Board, the Management Board and the Audit Committee, as well as express their opinion on the particular value of the transaction. In addition, it is planned to increase the authorized capital of a subsidiary of the bank - a brokerage company LLC ADB Broker.
OJSC DemirBank was established in 1992. The bank's shares belong to more than 800 businesses and individuals and it is one of the most advanced ones in Azerbaijan. Among the shareholders there is EBRD (25% +1 share) and Netherlands Development Finance Company (10%).
According to January 1, the authorized capital of JSC DemirBank is AZN 21 million, and the total capital is 57.2 million manat. The bank's assets are 382 million manat. - 08D-
Economics
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