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VTB Bank Azerbaijan raises capital

VTB Bank Azerbaijan raises capital

26 November 2009 13:17 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry stocks of OJSC â€œVTB Bank (Azerbaijan)â€.
According to the issue prospectus, placement will be held by means of the public subscription method at the Baku Stock Exchange.

State registration number	AZ100200414P
Issue volume	AZN 16 000 000
Quantity of stocks	80 000 000
Par value	AZN 0,20
Underwriter	“Brokdil-Az” LLC

If floated successfully, VTB Bank Azerbaijanâ€™s share capital will rise by 2.6 fold to AZN 26 million.

VTB Bank Azerbaijan is a 52% owned subsidiary of Russiaâ€™s VTB Vnestorgbank.

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