Bank Of Baku

Kovser Bank’s new stock issue announced

Kovser Bank’s new stock issue announced
# 15 October 2009 08:20 (UTC +04:00)
Baku–APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry stocks of “Kovser Bank” OJSC.
According to the issue prospectus, placement will be held through public subscription on the Baku Stock Exchange.
The state registration number is AZ100100484P, amount of issue is AZN 2 million, number of stocks is 10 000, par value is AZN 200 and underwriter is “Standard Capital” LLC.

The placement is expected to increase the bank’s share capital by 2% to AZN 10.220 million.

Kovser Bank mainly offers islamic banking products and services.
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