State missed leadership due to NBCO capital
The "Kapitalbank" has increased the authorised capital of non-banking credit organisation "Birkart" by 32%, or AZN 20.1 million, to AZN 83.3 million.
This is reported in the state register of commercial organisations of the State Tax Service under the Ministry of Economy.
Thus, in terms of authorised capital "Birkart" has surpassed the state-owned "Agrocredit" with AZN 45.4 million and moved up to the 1st place. In other words, the state lost the leadership due to the NBCO capital.
Finance
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The Central Bank of Azerbaijan has issued an official warning to the Baku Stock Exchange (BSE). This is reported on the CBA website.
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As of the end of June 2024, the 'Mortgage and Credit Guarantee Fund' had deposits in Azerbaijani banks in the amount of AZN 4.6 million. This is reported in the semi-annual financial statements of the Fund.
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The Central Bank of Azerbaijan (CBA) has issued a licence for currency exchange activity (‘Exchange’) to 'Money Shop' company.
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