'Xalqbank' increases authorized capital by more than AZN 50 million
'Xalqbank' increased its authorized capital by 13.9 %, or AZN 50.82 million, from AZN 364.77 million to AZN 415.6 million.
This was reported in the state register of commercial organizations of the state tax service under the Ministry of Economy.
According to the information, to increase capital, the par value of 3.63 million outstanding shares of the bank was raised from AZN 100.48 to AZN 114.48.
Finance
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In spite of the fact that the Central Bank of Azerbaijan (CBA) has created an opportunity to issue daily loans to non-bank credit organisations ( NBCOs) in 2024, it is not interested in the rapid development of this type of lending.
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Amount of notes issued by the Central Bank of Azerbaijan (CBA) went down 6.3 times in 2024.This is reported on the structure's website.
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By the end of 2024 there were about 150,000 bank depositors in Azerbaijan.
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‘Kapitalbank’ will hold an extraordinary general meeting of shareholders on 25 February at 11: 00.
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