In the first six months of 2016 the number of employees of Bank Respublika decreased by 67, from 635 to 568.
During this period the bank closed four of its branches in Sheki, Imishli, Goychay, and Shemkir.
The shareholders are 14 individuals and 5 legal entities.
In October, the bank increased its authorized capital by 20 million manat and brought it up to 57,461,021 manat.
16.6% of its shares are owned by Natig Saday Oglu Guliyev, 15.1% - by Elchin Saday Oglu Guliyev, 14.5% - to Sevda Saday Gyzy Guliyeva, 14.3% - to Saday Asad Oglu Guliyev, and 14% - to Maria Heydar Gyzy Guliyeva.
The Chairman of the Supervisory Board is Elchin Guliyev. -----71D
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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