Mughanbank’s issue prospectus of bonds registered

Mughanbank’s issue prospectus of bonds registered
# 18 August 2009 11:59 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Azerbaijan State Committee for Securities has registered Mughanbank’s issue prospectus of ordinary interest-bearing book-entry bonds.

The volume of the issue is AZN 10 million and face value per bond AZN 50.

The placement of bonds is expected to start in August.

Mughanbank has been in operation since 1992. As of July 1, assets stood at AZN 116.379 million, deposit portfolio at AZN 48.962 million, loan portfolio at AZN 69.707 million, total equity capital at AZN 21.201 million and share capital at AZN 18 million. The bank operates 26 branches, 29 ATMs and 63 POS terminals.
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THE OPERATION IS BEING PERFORMED