Bank Of Baku

Rabitabank increases authorized capital

Rabitabank increases authorized capital
# 14 July 2010 11:33 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Rabitabank OJSC.

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

Issue volume AZN 3 367 896.52
Quantity of shares 165 988
Par value AZN 20.29
Underwriter Caspian Financial LLC

Rabitabank has been in operation since 1993. As of April 1, 2010, bank’s assets stood at AZN 107.640 mln, deposit portfolio at AZN 55.561, loan portfolio at AZN 77.414 mln, total capital at AZN 13.224 and authorized capital at AZN 10 mln.


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