Bank Of Baku

Two foreign strategic investors to be Rabitabank’s shareholders next year

Two foreign strategic investors to be Rabitabank’s shareholders next year
# 01 December 2010 14:31 (UTC +04:00)
F. delay also noted that EBRD and IFC intended to acquire 12.5% share in Rabitabank’s authorized capital. Presently, the negotiations on the acquiring of share are held among the sides. If Rabitabank agrees, both two international financial organizations will be shareholders of Rabitabank.

Remind that, APA-Economics has spread information on selling of Rabitabank’s share in authorized capital to EBRD and IFC. After transaction the authorized capital will increase by 35% to AZN 13.5 mln.

Rabitabank has been in existence since 1993. The bank operates 20 branches, 27 ATMs and 129 POS-terminals across the country.
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