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Azerdemiryolbank to hold extraordinary meeting of shareholders

Azerdemiryolbank to hold extraordinary meeting of shareholders

26 May 2009 15:11 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-ECONOMICS. Azerbaijan-based Azerdemiryolbank will hold an extraordinary meeting of shareholders on June 25.

The shareholders will discuss the injection of 2009-2011 profit into capitalization and selection of Supervisory Board members.

As of April 1, Azerdemiryolbank posted its assets at AZN 213.029 million, deposit portfolio at AZN 56.923 million, loan portfolio at AZN 157.354 million, total equity capital at AZN 38.538 million and authorized capital stock at AZN 13.400 million.

Established in 1989, Azerdemiryolbank is owned by the European Bank for Reconstruction and Development (EBRD) (25%+1), the Netherlands Development Finance Company (FMO) (10%), legal entities (10%) and about 850 individuals (the rest).

The bank operates 29 branches, 40 ATMs and 240 POS terminals across the country.

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