"Premium Bank" has increased its charter capital!

The shareholders of "Premium Bank" OJSC consistently prioritize the Bank’s financial stability and achievement of its strategic goals.

Accordingly, the Bank has additionally issued 129,870 ordinary shares with a nominal value of 154 AZN each, thereby increasing its charter capital by 19,999,980 AZN to reach a total of 174,601,350 AZN.

It is worth noting that, according to the prudential norms of the Central Bank, the minimum total capital requirement for banks is 50 million AZN.

It should also be noted that in 2024, "Premium Bank" OJSC updated its development strategy. According to the strategy, the Bank is focusing more on retail banking. Additionally, it is implementing increased investments in digital services and introducing competitive and flexible new banking products to the public. As a result of the work carried out under the new strategy, the consumer loan portfolio of "Premium Bank" has grown. Specifically, in the first quarter of 2025, compared to the same period in 2024, the Bank's consumer loan portfolio increased by 3.778 million AZN or 9.3%, reaching 44 million AZN as of March 31, 2025. "Premium Bank" OJSC completed the first quarter of 2025 with a net profit of 1.582 million AZN.