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Azernegliyyatbank to raise authorized capital stock

Azernegliyyatbank to raise authorized capital stock

25 December 2009 13:59 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. Azernegliyyatbank plans to increase its authorized capital stock in early 2010, said Fekhreddin Baghirov, chairman of the Bankâ€™s Supervisory Board.

According to him, the issue will be discussed at a general meeting of shareholders in January.

The amount of additional issue of shares will be specified at the shareholdersâ€™ meeting.

The bank has recently raised its capital by AZN 10 million to AZN 25.034 million.

Established in 1989, Azernegliyyatbank is owned by individuals (58.6%) and legal entities (41.4%).

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