Baku. Elnur Huseynguluyev - APA-ECONOMICS. Bank of Baku is planning to double its authorized capital to AZN 13.6 million early next year, said Jalal Gasimov, Chairman of the Bank.
According to him, the increase will be paid up at the expense of profit which is expected to be AZN 7 million for 2009.
The bank currently operates 16 branches, 25 ATMs and 205 POS-terminals across the country.
One of the first commercial banks in Azerbaijan, Bank of Baku was registered on 14 February, 1994 originally under the name of Tugay Bank. The key founder of BOB was the Turkish company Nab Dış Ticaret.
On 10 February 1997, Bank of Baku’s name was changed to Bank of Baku and it was reregistered as a joint stock commercial bank in August 1997.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
Finance
US and European stock markets continue to decline
08:56
24 October 2026
Operations not covered by compensation for export clearance costs determined
17:35
23 October 2026
Azerbaijan's state budget revenues and expenditures unveiled
10:38
23 October 2026
Azerbaijan raises expected dividends from state-owned companies by AZN 17 million
10:21
23 October 2026
NEWS FEED
Four Philippine Air Force pilots killed in training accident - VIDEO
11:21
24 October 2026
North Korea's Kim Jong Un visits China via Dandong bridge, Yonhap says
10:38
24 October 2026
Azerbaijani oil price approaches $127
10:21
24 October 2026
Azerbaijan's Foreign Ministry shares post on UN Day
10:12
24 October 2026
President Zelenskyy reveals conditions for a deal to end Russia's war against Ukraine
09:54
24 October 2026
US orders diplomats’ family members to leave seven Middle Eastern countries
09:47
24 October 2026
Oil prices surge sharply on global markets
09:15
24 October 2026
US and European stock markets continue to decline
08:56
24 October 2026
Czech president says Russia shows no readiness for peace talks
08:37
24 October 2026
Germany plans to buy thousands of long-range missiles – Bloomberg
06:52
24 October 2026
Zelenskyy: Russia produces 140 ballistic missiles a month
05:55
24 October 2026
US orders embassy staff and families to leave Saudi Arabia
04:24
24 October 2026
Rubio: Donbas is the main point of contention in Ukraine war
03:51
24 October 2026
Trump: We may do another operation against Iran
02:42
24 October 2026
IMF names conditions under which Ukraine will get help with 2027 budget
01:20
24 October 2026
Dutch KLM cancels dozens of flights due to strong winds, spokesperson says
00:53
24 October 2026
United States will release 400,000 barrels of oil from the strategic reserve
00:10
24 October 2026
US to remove tariffs on some Canadian goods
23:45
23 October 2026
Araghchi: Pezeshkian plans to visit Russia next week
23:29
23 October 2026
Trump wants to rename Hormuz to Trump Strait
23:06
23 October 2026
Moldova moves to expel one Russian embassy employee
22:55
23 October 2026
Poland plans to invest $3.8 billion in the construction of US military base
22:40
23 October 2026
Devlet Bahçeli: Azerbaijan-Türkiye brotherhood holds strategic importance for future of Turkic world
22:26
23 October 2026
Zelenskyy says Ukrainian, Russian and US negotiators to meet in early November in Abu Dhabi
22:11
23 October 2026
Yaşar Güler: Türkiye will not engage in military confrontation with the Houthis
21:49
23 October 2026
Indian FM visits Ateshgah fire temple in Baku
21:39
23 October 2026
Vincent Kompany hospitalised after collapse at Bayern Munich training
21:12
23 October 2026
Russia declares ceasefire in Kherson region
20:55
23 October 2026
World's largest passenger plane manages to land in Moscow following drone threat-UPDATED
20:32
23 October 2026
Robert Kocharyan's period of arrest extended for another 2 months
20:22
23 October 2026
Azerbaijani ambassador to Türkiye meets Devlet Bahceli
19:40
23 October 2026
Trump weighs quick end to Iran war against letting conflict ‘wither’
19:29
23 October 2026
MFA: All Azerbaijani citizens aboard ship attacked near Romanian coast rescued
18:54
23 October 2026
Rosaviatsiya: Moscow's airspace completely closed
18:37
23 October 2026
Ukraine attacks Moscow airports with balloon-controlled drones
18:36
23 October 2026
Journalist arrested in Georgia for spreading false information about Keshikchidagh
18:28
23 October 2026
Netanyahu orders ‘very extensive’ operation in West Bank after two Israeli soldiers killed
18:20
23 October 2026
Azerbaijan represented with special stand at UN Day event in Turkmenistan
17:47
23 October 2026
Azerbaijan approves rules for recognition of conformity documents issued in foreign countries
17:39
23 October 2026
Melania Trump secures Oleshky ceasefire between Russia, Ukraine, White House says
17:36
23 October 2026
Rules for determining Azerbaijani origin of non-oil and gas goods approved
17:36
23 October 2026
Operations not covered by compensation for export clearance costs determined
17:35
23 October 2026
Turkish Diyanet Foundation officials dismissed after investing Gaza donations and zakat in stock market funds and incurring losses
17:33
23 October 2026
Date and agenda of next Milli Majlis session announced - UPDATED
17:31
23 October 2026
Azerbaijan and NATO discuss prospects for future cooperation
17:05
23 October 2026
Two Israeli soldiers killed in shooting in West Bank - UPDATED
16:45
23 October 2026
At least seven killed in church shooting in southern Jordan: State TV
16:25
23 October 2026
Moscow's Sheremetyevo Airport issues air raid alert
16:21
23 October 2026
Armenia detains 10 more supporters of Samvel Karapetyan
16:11
23 October 2026
New stage in Azerbaijan-India relations: Political dialogue expands between Baku and New Delhi - ANALYSIS
16:09
23 October 2026
