Bank Of Baku

Amrahbank increases authorized capital

Amrahbank increases authorized capital
# 03 May 2011 08:03 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Amrahbank.

According to SCS, the face value per stock is AZN 100, the total number is 3,191 and the amount AZN 319.1 000.

Bourse experts think that Amrahbank will begin placement of securities soon. After placement finishes, bank’s authorized capital will increase by 2.2% to AZN 14,706,100.

Note that, Amrahbank has been in operation since 1993. As of April 1, 2011, bank’s assets made AZN 74.890 mln, loan portfolio AZN 48.858 mln, deposit portfolio 41.994 mln, total capital 21.921 mln, authorized capital 14.387 mln.
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