Bond.az White LogoBond.az Black Logo
→
EN ▾
AZENRU
Why Is MGM Resorts Stock Surging Today?Burlington earnings: consumer pressures loomFamily's House Collapses in Kurdamir: Son is European ChampionSnowflake Faces Earnings Test as AI Bets RisePrudential executives buy sharesGraduation Days 2024: Where and When?Why is Momentus stock surging?FuriosaAI Partners with Broadcom on 3rd Gen AI ChipSubsidy Reform: What Farmers ExpectHippocratic AI hits 10 million patient callsWhy Is MGM Resorts Stock Surging Today?Burlington earnings: consumer pressures loomFamily's House Collapses in Kurdamir: Son is European ChampionSnowflake Faces Earnings Test as AI Bets RisePrudential executives buy sharesGraduation Days 2024: Where and When?Why is Momentus stock surging?FuriosaAI Partners with Broadcom on 3rd Gen AI ChipSubsidy Reform: What Farmers ExpectHippocratic AI hits 10 million patient calls
Personalize
Bond.az White LogoBond.az Black Logo
AZENRU
ECONOMY

Jahangir Asgarov Buys All New Premium Bank Shares

Jahangir Asgarov buys all new Premium Bank shares, raising his stake to 86.25% as bank capital reaches 174.6 million manat.

Chloe Hall
ByChloe Hall- Senior Editor
|
0
Jahangir Asgarov Buys All New Premium Bank Shares
Photo: Prepared by Bond.az

Jahangir Asgarov, former president of Azerbaijan Airlines (AZAL), has increased his stake in Premium Bank from 84.47% to 86.25%.

According to Oxu.Az citing Report, this follows an increase of the bank's authorized capital by 20 million manat (12.9%), raising it from 154.6 million to 174.6 million manat.

Asgarov acquired all new shares issued for the capital increase.

As a result, the stakes of other shareholders decreased: VIP Aviation Services LLC fell from 15.22% to 13.47%, and Elvira Ahmadova's stake dropped from 0.31% to 0.28%.

Premium Bank was founded in 1993 as AZAL Bank, renamed to Silk Way Bank in 2008, and rebranded again in 2018.

More News
Subsidy Reform: What Farmers Expect
Today / 13:33
|
997

Subsidy Reform: What Farmers Expect

Discussion on restructuring state subsidies, changes for farmers, and priority areas in agriculture.

ECONOMY →
0
Emin Aliyev: Land consolidation is crucial
Today / 13:04
|
826

Emin Aliyev: Land consolidation is crucial

Emin Aliyev: Land consolidation can revolutionize agriculture by solving fragmentation and inefficiency.

ECONOMY →
0
Banks' loan interest income hits 1.45 bn manat
Today / 13:02
|
487

Banks' loan interest income hits 1.45 bn manat

In Jan-Apr 2024, Azerbaijani banks earned 1.45 bn manat in loan interest income, up 20.1% YoY. Loan portfolio reached 30.6 bn manat.

ECONOMY →
0
ECB Committed to 2% Inflation Target: Makhlouf
Today / 12:04
|
205

ECB Committed to 2% Inflation Target: Makhlouf

ECB's Makhlouf reaffirms commitment to 2% inflation target; market expects rate hike at next meeting.

ECONOMY →
0
Yen nears intervention zone
Today / 12:01
|
602

Yen nears intervention zone

The yen weakens toward intervention zone; New Zealand dollar gains; U.S. dollar steady amid geopolitical risks.

ECONOMY →
0
ECB Flags Hedge Fund Bond Leverage Risks
Today / 10:31
|
245

ECB Flags Hedge Fund Bond Leverage Risks

ECB warns hedge fund leverage in bond markets poses financial stability risks due to potential rapid unwinding and amplified volatility.

ECONOMY →
0
Brent crude oil falls again
Today / 10:01
|
616

Brent crude oil falls again

Brent crude oil price drops again. ICE exchange shows 1.53% decline to $98.06 per barrel.

ECONOMY →
0
2026 S&P 500 and GDP growth forecasts
Today / 09:06
|
797

2026 S&P 500 and GDP growth forecasts

2026 S&P 500 targets and GDP growth forecasts from leading brokerages including Goldman Sachs, Morgan Stanley, and more.

ECONOMY →
0
World may need to cut oil and gas use
Today / 08:35
|
451

World may need to cut oil and gas use

Dallas Fed President Lorie Logan warns that the world may need to cut oil and gas use if the Strait of Hormuz remains closed.

ECONOMY →
0
Australian Banks Face Tough Times
Today / 08:04
|
695

Australian Banks Face Tough Times

Australian banks face challenges from mortgage slowdown, rate hikes, and tax changes, impacting their once-favored stocks.

ECONOMY →
0
European stocks: Iran war impact
Today / 08:02
|
935

European stocks: Iran war impact

European stocks face limited gains due to the Iran war and lack of AI stocks. The STOXX 600 is seen at 645 by year-end.

ECONOMY →
0
Supply shock, debt may hurt central bank independence: ex-Fed official
Today / 07:34
|
703

Supply shock, debt may hurt central bank independence: ex-Fed official

Former Fed official Donald Kohn says supply shocks and rising debt are increasing pressure on central bank independence.

ECONOMY →
0
...
Jahangir Asgarov Buys All New Premium Bank Shares | Bond.az