Azerbaijani AFB Capital receives permits for broker-dealer work

Business Materials 29 December 2009 16:42 (UTC +04:00)

Azerbaijan, Baku, Dec. 29. / Trend N. Ismayilova /

The Azerbaijani State Securities Committee issued AFB Capital special permits for broker-dealer activities, the Committee reported

The Committee issued permission Dec. 25

Thus far, 15 special permits have been issued for brokers, 13 for dealers, and three for management securities and depository activities

The Central Bank issued license to Azfinansbank for implementation banking activity on December last year. The bank's authorized capital is 10 million manat. AFB Capital's authorized capital is 100,000 manat. The company's official representative is Elshad Ibrahimov

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