Bank Of Baku

Rabitabank raises share capital

Rabitabank raises share capital
# 18 June 2009 15:16 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan State Committee for Securities has registered Rabitabank’s issue prospectus of book-entry ordinary registered stocks.

The face value per stock is AZN 20, the total number is 75 000 and the amount AZN 1.5 million.

Stock exchange analysts say the placing is expected to start in as early as June.

If successfully placed, the bank’s authorized capital stock will rise by 17.7% to AZN 10 million.

Rabitabank has been in operation since 1993. The bank operates 22 branches, 4 bureaus of exchange, 22 ATMs and 92 POS terminals across the country.
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