Increase in Azerigazbank’s Market Price after IFC’s Admission

Azerbaijan, Baku / corr Trend I.Khalilova / Chingiz Asadullayev, the Head of the supervisory board of Azerigazbank (AGB) said that the AGB market price has increased after the admission of the International Finance Corporation (IFC) into its capital.

In accordance with the agreement between IFC and AGB, signed on 8 September 2006, the corporation acquired 17.5% shares (735,000) in the bank's capital at AZN 1.470mln.

"As a result of IFC's inclusion, it is possible to discuss the sale of shares at its face value. Our stock can be sold at a minimum of 1 to 3 and we will do our best to increase the market price of the banks," Asadullayev stressed.

Currently, 3-4 proposals submitted by foreign investors are under consideration. It has been said that the bank should consider increasing its capital as the rise in assets leaves behind the growth of capital.

The Bank's assets comprise AZN 105-110mln, credit portfolio AZN 75-76mln. After IFC's entry to Azerigazbank, the latter's statutory capital has increased and made up AZN 9mln and the aggregate capital increases AZN 10mln.

Turkmenistan bank opens tender for audit
Turkmenistan bank opens tender for audit
Turkmenistan begins harvesting first tomatoes in new year
Turkmenistan begins harvesting first tomatoes in new year
Turkmenistan among top three countries in terms of potato imports from Russia
Turkmenistan among top three countries in terms of potato imports from Russia
Loading Bars
Latest
Uzbek-Korean JV to buy electric motor via tender
Azerbaijani ASB Bank reveals its 2020 net income
Azerbaijani SOCAR suspends work offshore, open onshore areas due to bad weather
China remains Uzbekistan’s main trade partner in 2020
Precious metal prices up in Azerbaijan
Turkmenistan bank opens tender for audit
Azerbaijan to open bus routes to Shusha and other liberated lands
Demand for notes of Azerbaijani Central Bank significantly exceeds supply
Azerbaijan looking to create favorable conditions for Turkish investors
Geostat reveals volume of gas imported by Georgia from Azerbaijan
Uzbekistan reveals COVID-19 data for January 21
Kazakhstan’s national atomic company reports COVID-19 cases at its JV with France
Meeting through video conferencing held between presidents of Azerbaijan, Turkmenistan
Azerbaijan ups trade turnover of food, beverages, tobacco products in 2020
Suicide attack kills three, injures 16 in central Baghdad market
Azerbaijan to be telecommunication hub between Europe, Asia via TASIM implementation
Bank Melli Iran unveils amount of loans issued for coronavirus pandemic
Kazakhstan’s National Bank sets up monetary policy committee
Turkmenistan begins harvesting first tomatoes in new year
Azerbaijani oil prices rising
Kazakhstan multifold decreases imports of Brazil-made goods
Kazakhstan reports decrease in raw sulfur production volume
Azerbaijan discloses volume of oil transportation via BTC pipeline in 2020
Turkish companies to initially invest in textile sector in Azerbaijan's Karabakh
Azerbaijani currency rates for Jan.21
Gold and foreign exchange reserves increases in Uzbekistan in 2021
Iran discloses amount of investments made in petrochemical sector
Azerbaijan's 'Regional Development' Public Association launches new portal (VIDEO)
Trading platform IG to buy U.S. brokerage tastytrade for $1 billion
Turkmenistan among top three countries in terms of potato imports from Russia
Representatives of Turkish companies arrive in Azerbaijan to support restoration of liberated lands (PHOTOS)
Average downloads speed in Azerbaijan reduce
Google and French publishers sign agreement over copyrights
Visit agenda of Iranian Foreign Minister to Azerbaijan revealed
COVID-19 disrupts supplies of essential goods and food to Uzbekistan
Georgia sees increase in coronavirus cases
Azerbaijan's territorial waters serve to increase country's maritime transport potential
Azerbaijan starts preparation for 'Kharybulbul' festival, Days of Vagif's Poetry in Shusha (PHOTO)
Georgia increases imports of tea from Azerbaijan
Geostat reveals volume of gas imported by Georgia from Azerbaijan
Details of Iran's tractor exports announced
Indo-Japan digital partnership: Co-creation, co-production and co-innovation is the future
India produced COVID-19 vaccines reach Bhutan, Maldives; Sri Lanka, Afghanistan next in line
Serbia may get Azerbaijani gas by 2023
The 'superpower' that led this woman to the top of Twitter's Asia-Pacific business
Uzbekistan’s national bank to fund reconstruction of Termez int’l airport
Kamala Harris' ancestral village rejoices with fervour as 'she scripts history'
Ninety-Two countries post request for Made-in-India vaccines
Iran issues several loans to manufacturing enterprises in Semnan province
Turkmenistan, UNDP to launch new joint project
Trend TV prepares video report on water supply to Karabakh
BP to see sharp fall in upstream capex
Canada to implement drip irrigation project in Uzbekistan
Kazakhstan sees multifold decrease in exports to Singapore
Brexit responsible for food supply problems in N.Ireland
Global oil & gas capex to increase by 6% in 2021
Iranian Energy Exchange announces products to be on sale on January 23
Kazakhstan’s Ulba Metallurgical Plant to buy pies via tender
Turkmenistan, IMF review country's economy sectors positively impacting GDP growth
Construction of small solar power plant starts in Uzbekistan’s Tashkent region
Iranian currency rates for January 21
Azerbaijani FM starts visit to Turkmenistan
Italy-based omnichannel content solutions provider extends co-op with Azerbaijani Topaz
Azerbaijani Balakan ferry repaired and put into operation
JOCAP reveals plans for Absheron gas field in 2021
Kazakhstan’s freight transportation operator opens tender to rent vehicles
Absheron EPS progress: pipe laying in Oil Rocks vicinity kicks off – JOCAP
Azerbaijan to get revenues also from third countries’ gas supplies via Southern Gas Corridor
Azerbaijan's CBA signs contract for purchase of banknote-calculating machines
Iran urges US to return JCPOA
Oil slips on surprise rise in U.S. crude stocks
Population of Azerbaijan continues to grow
Kyrgyzstan plans to approve concept of creative economy
EU leaders convene amid vaccine delays, virus variant fears
California first U.S. state to surpass 3 million COVID-19 cases
China sees rise in new COVID-19 cases despite curbs
EBRD, Turkmenistan to implement new joint projects in 2021
Largest gas refinery in Middle East to be unveiled in SW Iran
UN chief welcomes U.S. re-engagement with WHO
Biden reverses U.S. withdrawal from WHO
Kazakhstan unveils 11M2020 trade value with Turkey
France's daily COVID-19 cases hit two-month high
UK records highest daily coronavirus death toll
Israel registers 9,089 new COVID-19 cases, 574,718 in total
Portugal experiences worst day of COVID-19 pandemic
Iran ready to build Herat-Mazar-i-Sharif railway: Roads min.
Tourism becomes key source of foreign-exchange earnings in Georgia
Georgian domestic exports up 3.5%
Amazon sues EU antitrust regulators for letting Italian case go ahead
Korean logistics company ULP invited to invest in Kyrgyzstan
Turkey reports over 6,400 new coronavirus cases
Kyrgyzstan's Central Election Commission approves election results
UAE signs deal with U.S. to buy 50 F-35 jets and up to 18 drones
WHO chief congratulates Joe Biden and Kamala Harris on their inauguration
Qatar reports 271 new COVID-19 cases, 148,000 in total
Over 40 dead after migrant boat capsizes off Libya: UN agencies
Joe Biden sworn in as 46th President of the United States
Kazakhstan to develop strategies to ensure financial stability in banking sector
Iran’s FM to visit Azerbaijan
COVID-19 vaccinations in Turkey exceed 1 million in 1st week
All news