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AccessBank increases authorized capital

AccessBank increases authorized capital

29 March 2010 12:10 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. AccessBank 2.1 times has increased its authorized capital to AZN41.8mln.

According to the head office of bank the Issue volume was 4 000 AZN, quantity of bonds 20 000 000 and the par value 2.9 AZN

The bank informed that, the capital adequacy of bank is 25%.

According to head manager Endry Pospielovski, the passing of bankâ€™s authorized capital over $50 mln, will give a chance to develop the bank in the future and micro and small business sector.

Accessbank has been in operation since 2002. Bank operates 23 branches, 23 ATMs and 48 POS-terminals across the country.

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