Expressbank increases authorized capital

Expressbank increases authorized capital
# 25 May 2010 15:09 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Expressbank will 58% increase authorized capital to AZN 41 mln, bank’s chairman of board of directors Emin Mammadov told APA.

According to him, the State Committee for Securities registered AZN 15 mln issue prospectus of additional shares and this will finish till August.

Bank’s authorized capital makes AZN 26 mln.

Expressbank has been in operation since 1989 to March, 2010 as Azernegliyyatbank.
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THE OPERATION IS BEING PERFORMED