Bank Of Baku

Azer-Turk Bank increases authorized capital

Azer-Turk Bank increases authorized capital
# 13 May 2011 10:55 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. On May 19, placement of Azer-Turk Bank’s new share emission will be held at Baku Stock Exchange.

According to BSE, the face value of per share is AZN 1, quantity – 633,560, volume of emission – AZN 633,560. Underwriter is Caspian Financial Company. After placement, the authorized capital will reach AZN 11,624,560.

Remind that, Azer0Turk Bank has been in operation since 1995. As of April 1, 2011, bank’s assets stood at AZN 50.663 mln, loan portfolio – at AZN 33.104 mln, deposit portfolio – at AZN 31.297 mln, total capital – at AZN 11.189 mln, including authorized capital – at AZN 10.991 mln.
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