Bank Of Baku

Amrahbank increases authorized capital

Amrahbank increases authorized capital
# 29 April 2010 15:18 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of “Amrahbank” OJSC.

According to the issue prospectus, placement will be held by means of the public subscription method at the Baku Stock Exchange.

Issue volume AZN1 740 400
Quantity of shares 17 404
Par value AZN 100
Underwriter Chelsea Capital LLC

Owned by 5 individual persons (51%) and International Investment Bank: Bahrain (49%) Amrahbank OJSC has been in operation since 1993. As fo April 1, 2010, Amrahbank’s assets stood at AZN 101.811 mln, deposit portfolio - AZN 41.176 mln, loan portfolio – AZN 39.898 mln, total capital – AZN 20.653 mln, authorized capital – AZN 12.821 mln.
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