Bank Of Baku

Nikoil Bank increases authorized capital

Nikoil Bank increases authorized capital
# 24 August 2010 08:43 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Kapital Bank.

Issue volume AZN 1 654 128
Quantity of shares 8 270 640
Par value AZN 0.20


Owned by Russia’s Uralsib Finance Corporation (61%), Azerbaijan’s ISR Holding (20%) and Uralsib Invest Company (19%) Nikoil Bank has been in operation since 1997. As of August 1, 2010, the assets stood at AZN 182.059 mln, deposit portfolio at AZN 56.707 mln, loan portfolio at AZN 142.695 mln, total capital at AZN 27.517 mln, authorized capital at AZN 22.500 mln.
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