The authorized capital of the bank BTB is 50 million manat
BTB Bank does not intend to leave the financial area of ??the country.
According to the Baku Stock Exchange (http://bfb.az/news/2013/05/bank-btb-asc-nin-sehmlerinin-yeni-emissiyasi/2910), the bank intends to repay the issue in the amount of 36.4 million manat. Each of the 36.4 million shares will be worth 1 thousand manats.
If you add to this figure the share capital (13.6 million as of June 7, 2012), you get standard CBA - AZN 50 million needed to extend the license for banking activities.
The founders of the bank are the three individuals. The supervisory board also includes three, one of which Hafiz Mammadov (Chairman of Baglan group FZCO, president of several financial institutions and FC "Baku"). Besides him, the leading structure presented notary 29th Jeykhun Pashaly office and chairman of the National Assembly of BTB Asim Salaam.
Chairman of the Board is Emil Rzayev. - 17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review