Azerbaijan Industrial Corporation made a deposit to a bank with Turkish capital

17:47 - 1.12.2023


December 1, Fineko/abc.az. As of January 1, 2023, the Azerbaijan Industrial Corporation (AIC) had a deposit of 3.623 million euro in Ziraat Bank Azerbaycan OJSC, ABC.AZ informs with reference to AIC.

According to the report, the deposit was placed last year at 1.1% per annum.

The agro-industrial complex was established in 2017 with the aim of improving the efficiency of state property management, forming a system of accountability and control based on the principles of corporate governance, creating favorable cooperative relations between state-owned enterprises and building production capacity along the rings of the value chain. Its authorized capital is 500 million manats.

Ziraat Bank Azerbaycan was established in 2014. Its authorized capital is 65.5 million manats. 99.98% of the bank's shares are owned by Turkish Ziraat Bank, 0.01% by Ziraat Sigorta, 0.01% by Ziraat Yatırım Menkul Değerler.

 

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