Distribution of Brand Credit NBCO’s shares has changed


June 1, Fineko/abc.az. The distribution of the shares of the founder shareholders of non-bank credit organization Brand Credit LLC has changed.

ABC.AZ reports that this happened after the increase in the authorized capital of the NBCO from AZN 900,000 up to AZN 1.9 million (a rise of AZN 1 million or 2.1-fold).

Thus, only one of the founders, Yegyana Veliyeva, provided the funds necessary for capital growth, bringing her share in Brand Credit from 47% up to 74.9%.

Instead, the shares of 2 other founders - Ali Huseynov and Shabnam Veliyeva - fell from 47% to 22.26% and 6% to 2.84%, respectively.