The limitless license for the all services of an Investment Company was granted to “AzFinance Investment Company” CJSC by the decree of the Ministry of Economy and Industry of the Republic of Azerbaijan.
Though, it has been established recently, AzFinance holds the second place on the December ranking of companies by monthly turnover in the Baku Stock Exchange. “AzFinance Investment Company” is the biggest investment company in Azerbaijan by its share capital.
The initial holder of the Investment Company License, AzFinance began its preparation for the restructuring process six months in advance and created the appropriate infrastructure in order to propose all kinds of investment services to its clients. It includes brokerage services on securities, such as, stocks, margin trading, options, futures, as well as, portfolio management and consulting services on investment.
The February and December devaluations in the country and decrease in percentage of deposits in foreign currencies have led people to look for other investment tools. By offering stock trading of corporations like Apple, Google, British Petroleum for the clients who wish to make their investment in foreign currencies, “AzFinance Investment Company” is the only company in this sector in Azerbaijan that realizes its activity both in local and international markets.
“AzFinance Investment Company” is also ahead for social responsibility. The first steps have been taken towards the education of students on Securities Market by signing a memorandum with Azerbaijan State Economic University a couple of months ago.
As of January 11, 2016, “AzFinance Investment Company” CJSC is the only holder of the Investment Company License.