Shares of Zaminbank at the total amount of AZN 5 million are available on BSE.
Emission of 50 thousand ordinary registered non-documentary shares of AZN 200 was registered by the end of December. According to the Exchange, all the shares were sold in a single transaction (one investor).
Underwriting services were provided by Tekhnika Capital Management LLC. They have posted 50% of the announced issue. According to the legislation, issue is considered valid in case of placing half of it.
The paid-up share capital of the bank, thus, reached 37.182 million manat. The major shareholder since 1992 has been Zaminbank's Supervisory Board chairman Nadir Ismayilov (99.07%). - 15D -
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review