Bank Of Baku

Kovser Bank sharply increases authorized capital

Kovser Bank sharply increases authorized capital
# 25 December 2014 09:13 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. Today, an auction on placement of ordinary, book-entry shares of Kovser Bank started at Baku Stock Exchange.  

 

BSE told APA-Economics that the volume of the issue is AZN 38 mln, face value – AZN 200.

 

Underwriter is Brokdil-AZ LLC.

 

Current authorized capital makes AZN 12.02 mln.

 

After placement, the authorized capital will increase 4.2 times to AZN 50.02 mln.

 

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