Shareholders of Unibank will meet August 2 at an extraordinary general meeting. The only issue on the agenda is to increase the share capital.
Today Unibank’s paid share capital, taking into account preference shares, is 70.5 million manats. Of these, shares totaling 56,600,000 manats give shareholders the right to vote. Eldar Garibov owns 68.3% of the bank's capital.
Unibank's shareholders are also EBRD - 15.15%, the German Investment Company (DEG) - 8.33% and other minority shareholders.
The size of the planned capital increase is not reported. The latest decision to raise the bank's authorized capital was adopted in December 2013. ---08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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