Search keyword: Agrarkredit

Government debt rose to 21.8% of GDP in 2023 following the government taking over 8% of GDP domestic guaranteed debt from Agrarkredit. Fitch forecasts debt to average 21.6% of GDP in 2024-2025, the lowest in the 'BB' category.

The government explains the high share of NBCIs in assets by the transfer of toxic assets of the International Bank of Azerbaijan to Agrarkredit CJSC.

The government explains the high share of NBCOs in assets by the transfer of toxic assets of the International Bank of Azerbaijan to Agrarkredit CJSC.

The growth of expenses for services to domestic public debt in the forecast for 2019 was caused by increase in state bonds issued for development of the securities market and interest debt planned to be paid on promissory notes of Agrarkredit CJSC for procurement of IBA’s problematic assets in 2019.

Company’s shareholders are as follows: “Zaminbank” OJSC (currently under liquidation) - 24.24%, “Turanbank” OJSC - 7.14%, “Azer-Turk Bank” OJSC – 5%, “Groupama Sigorta” (Turkish company with French capital) - 14%, “Agrarkredit” CJSC NBCI - 0.34%, Sabina Akif Hasanova - 15.83%, Akif Akbar Karimov (Chairman

Company’s shareholders are as follows: “Zaminbank” OJSC (currently under liquidation) - 24.24%, “Turanbank” OJSC - 7.14%, “Azer-Turk Bank” OJSC – 5%, “Groupama Sigorta” (Turkish company with French capital) - 14%, “Agrarkredit” CJSC NBCI - 0.34%, Sabina Akif Hasanova - 15.83%, Akif Akbar Karimov (Chairman

Company’s shareholders are as follows: “Zaminbank” OJSC (currently under liquidation) - 24.24%, “Turanbank” OJSC - 7.17%, “Azer-Turk Bank” OJSC – 5%, “Groupama Sigorta” (Turkish company with French capital) - 14%, “Agrarkredit” CJSC - 0.34%, Sabina Akif gizi Hasanova - 15.83%, Akif Akbar oglu Karimov

Company’s shareholders are as follows: “Zaminbank” OJSC (currently under liquidation) – 24.24%, “Turanbank” OJSC – 7.17%, “Azer-Turk Bank” OJSC – 5%, “Groupama Sigorta” (Turkish company with French capital) – 14%, “Agrarkredit” CJSC – 0.34%, Sabina Akif gizi Hasanova – 15.83%, Akif Akbar oglu Karimov

On the other hand, share of “Agrarkredit” CJSC non-bank loan organization, engaged in management of bank’s troubled assets dropped from 28.18 to 14.56%. Total shares of 12 private enterprises and 1761 individuals also dropped from 18.86 to 8.71%.

AZN issued to "Agrarkredit" CJSC under the state guarantees, have been completely spent.