JSC United Credit Bank increases its share capital by AZN 10 million or 70.9%.
As the press service of the State Securities Committee (SSC) said, the corresponding prospectus for five thousand ordinary non-documentary registered shares with a nominal 2 AZN was registered at the beginning of this week.
According to the prospectus, the placement will be held by means of mass accommodation at the Baku Stock Exchange.
Today, the authorized capital is 14.11 million manat. The major shareholder (88.78% equity) is LLC United Business Co. The remaining shares are divided between two individuals. - 15B -
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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