Azerigasbank, sometimes spelled as Azerigazbank or AGBank is a private commercial bank established in 1992 in
Baku
Baku (, ; ) is the Capital city, capital and List of cities in Azerbaijan, largest city of Azerbaijan, as well as the largest city on the Caspian Sea and in the Caucasus region. Baku is below sea level, which makes it the List of capital ci ...
,
Azerbaijan
Azerbaijan, officially the Republic of Azerbaijan, is a Boundaries between the continents, transcontinental and landlocked country at the boundary of West Asia and Eastern Europe. It is a part of the South Caucasus region and is bounded by ...
. It has been a member of
Baku Stock Exchange since 15 September 1993. The official auditor of the bank is the international auditor
PricewaterhouseCoopers
PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom.
It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...
from 2000 onwards.
Shareholders
*
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution headquartered in Washington, D.C. and a member of the World Bank Group that offers investment, advisory, and asset-management services to encourage private ...
- 17,500 percent
*Kazimir Partners Company - 10,000 percent
*Chingiz Asadullayev (chairman of the supervisory board) - 27.532 percent
*Farzulla Yusifov (member of the supervisory board) - 23.111 percent
The minority shareholders count to 74 and hold 21.856 percent of the bank's equity. The bank's
dividend policy
Dividend policy, in financial management and corporate finance, is concerned with
Aswath Damodaran (N.D.)Returning Cash to the Owners: Dividend Policy/ref>
the policies regarding dividends;
more specifically paying a cash dividend in the pr ...
is to pay out 15 percent dividends per annum.
The official web page of AGBank, Shareholders list and transactions
Awards
*In 2005, AGBank received "Caspian Energy Award" in nomination "Corporate bank of 2005".
*In 2006, AGBank received the national business award “UGUR” in nomination "Bank of the Year".
*In 2008, AGBank received national business award “UGUR” in nomination "Rebranding of the Year".
*In 2010, AGBank received “Azerbaijani Business Award” in nomination "Innovative Product of the Year".
See also
* Banking in Azerbaijan
Banking in Azerbaijan in its present form dates back to 1992, but it originated in the second half of the 19th century and continued through the Soviet period. It consists of the country's central bank, the Central Bank of Azerbaijan, founded on 1 ...
* Central Bank of Azerbaijan
The Central Bank of Azerbaijan (CBA, ) is the central bank of Azerbaijan, with its headquarters in the capital city Baku.
The National Bank of the Republic of Azerbaijan was established by the Decree of the President of the Republic of Azerbaij ...
* List of banks in Azerbaijan
* Azerbaijani manat
The manat (ISO 4217, ISO code: AZN; Currency symbol, sign: ₼; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 ''gapiks''.
The first iteration of the currency emerged in the Azerbaijan Democratic Republic and its succ ...
* Economy of Azerbaijan
The economy of Azerbaijan is highly dependent on oil and gas exports, in particular since the completion of the Baku-Tbilisi-Ceyhan pipeline, Baku-Tbilisi-Ceyhan Pipeline. The transition to oil production in the late 1990s led to rapid economic g ...
References
External links
AGBank web site
Government of Azerbaijan
Economy of Azerbaijan
Banks of Azerbaijan
Banks established in 1992
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