Bank Of Baku

Demirbank prepares for to increase authorized capital

Demirbank prepares for to increase authorized capital
# 30 March 2011 13:58 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Demirbank intends to increase the authorized capital by 5% to AZN 21 mln, in 2011, Chairman of Board of Directors Roman Amirjanov told APA.

According to him, increase of authorized capital will be realized on the account of banks profit in first half of 2011: “Minimum share emission will be AZN 1 mln. But this sum may be increased, again. This will depend on decision of shareholders”.

Remind that, Demirbank has been in operation since 1989. The bank operates 30 branches, 50 ATMs and 245 POS-terminals across the country.
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