Chingiz Asadullayev increases equity in AGBank

Baku: Chairman of AGBank’s Supervisory Board and one of the main shareholders Chingiz Asadullayev’s share in the authorized capital rose to 23.270% from 23.096%.

Moreover, number of minority shareholders reduced to 61 from 65. Their total share increased from 25.637% to 31.463%.

Bank told APA-Economics that the 4 minority shareholders sold their shares to Asadullayev.

Shares of other majority shareholders remained unchanged. International Financial Corporation has 17.5%, Kazimir Partners – 10%, Yusifov Farzulla (member of Supervisory Board) – 17.767%.

SOURCE: AZERI-PRESS NEWS AGENCY

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