Azerigasbank Explained

Azerigasbank
Type:	Open Joint-Stock Company
Foundation:	1992
Location City:	Baku
Location Country:	Azerbaijan
Key People:	Chingiz Asadullayev, Chairman of the Supervisory Board
Area Served:	Azerbaijan
Industry:	Banking
Products:	Financial services
Homepage:	www.agbank.az

Azerigasbank, sometimes spelled as Azerigazbank or AGBank is a private commercial bank established in 1992 in Baku, Azerbaijan. It is the member of Baku Stock Exchange since 15 September 1993. The official auditor of the bank is the international auditor PricewaterhouseCoopers from 2000 on.

Shareholders

• International Finance Corporation - 17,500 percent
• Kazimir Partners Company - 10,000 percent
• Chingiz Asadullayev (chairman of the supervisory board) - 27.532 percent
• Farzulla Yusifov (member of the supervisory board) - 23.111 percent

The minority shareholders count to 74 and hold 21.856 percent of the bank's equity. The bank's dividend policy is to pay out 15 percent dividends per annum.^[1]

Awards

• In 2005, AGBank received "Caspian Energy Award" in nomination "Corporate bank of 2005".
• In 2006, AGBank received the national business award “UGUR” in nomination "Bank of the Year".
• In 2008, AGBank received national business award “UGUR” in nomination "Rebranding of the Year".
• In 2010, AGBank received “Azerbaijani Business Award” in nomination "Innovative Product of the Year".

See also

• Banking in Azerbaijan
• Central Bank of Azerbaijan
• List of banks in Azerbaijan
• Azerbaijani manat
• Economy of Azerbaijan

External links

• AGBank web site

Notes and References

1. http://www.agbank.az/?/en/content/165/ The official web page of AGBank, Shareholders list and transactions