JSC AFB Bank intends to continue to own financial and credit activities in Azerbaijan. This is evidenced by its intention to increase its share capital by 10,680,000 manat.
As they say in today's Baku Stock Exchange (BSE), with the increase in the financial stability of this bank its authorized capital will be increased to 53,020,000 manat, which exceeds the requirement (50 million AZN) of the Central Bank introduced from 1 January 2015.
Today, the State Securities Committee (SSC) of Azerbaijan has registered the prospectus of issue of 8 445 uncertified registered shares with a nominal value of 1,265 manat each. The underwriter is LLC Tekhnika Capital Management.
By July 1, AFB Bank assets amounted to 233,760,000 manat, the share capital was 42,340,000 manat, and the total capital was 53,270,000 manat.
AFB Bank has operated under license for banking activities since December 2008. The main shareholder is the LLC Gilan (99,2%) and two individuals (0.8% in all). --17D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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