Bank Of Baku

Expressbank increases authorized capital

Expressbank increases authorized capital
# 03 June 2010 13:21 (UTC +04:00)
Bak. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Expressbank OJSC.

Issue volume AZN 15 000 128
Quantity of shares 72 116
Par value AZN 208

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

Expressbank has been in operation since 1989 as Azernegliyyatbank till March, 2010. The bank operates 8 branches, 20 ATMs and 1 POS-terminal across the country.
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