Bank Of Baku

NBC Bank boosts share capital

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

The face value per stock is AZN 104, the total number is 149 984 and the amount AZN 15 598 336.

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 more than double to AZN 29 187 336.

Established in 1992, Ruzi Bank was renamed as NBCBank in 2002. The bank operates 7 branches, 8 bureaux de change, 5 ATMs and 44 POS-terminals.
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