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Rabitabank to increase authorized capital


Rabitabank OJSC will increase its authorized capital by about AZN 12.5 million, chairman of Rabitabank’s Supervisory Board Zakir Nuriyev said on February 9.

 

According to him, current authorized capital makes up AZN 88.5 million. After increase, it will exceed AZN 1.1 million.  

 

He also noted that the bank will be rebranded in 2018-2019. 

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