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AGBank`s securities to be withdrawn from trading

02.06.2020,12:56


June 2, Fineko/abc.az. In accordance with Paragraph 13.1.2 of the Listing Rules of the Baku Stock Exchange (BSE), the Listing Committee decided to delist the shares of closed AGBank OJSC that are listed in the standard market segment.

ABC.AZ reports with reference to the BSE that according to the Listing Rules, the delisting decision will take effect 2 months after publication, and the securities will be withdrawn from trading.

On 12 May 2020, the Central Bank canceled the license of AGBank as a result of clarifications carried out in the Bank, revealing an unsatisfactory financial situation, a complete loss of capital and even worsening of situation in the bank.