Bank Of Baku

Kredobank increases authorized capitals

Kredobank increases authorized capitals
# 24 November 2010 07:10 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Kredobank OJSC.

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

Issue volume AZN 2 500 000
Quantity of shares 250
Par value AZN 10 000
Underwriter Chelsea Capital LLC

Kredobank has been in operation since 1994. As of October 1, 2010, bank’s assets stood at AZN 86.145 mln, deposit portfolio at AZN 15.550 mln, population’s deposit at AZN 9.094 mln, loan portfolio at AZN 63.212 mln, consumer lending at AZN 8.613 mln, total capital at AZN 15.962 mln and authorized capital at AZN 13.040 mln.
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