Bank Of Baku

Kapital Bank increases authorized capital

Kapital Bank increases authorized capital
# 07 July 2011 11:27 (UTC +04:00)
Baku. Vahab RZayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Kapital Bank OJSC, with the registration number of AZ100200515P, quantity 1,000,000, face value AZN 10. According to the issue prospectus, placement will be held by means of the public subscription method at the Baku Stock Exchange.

So, as a result of placement of AZN 10,000,000 emission the bank’s authorized capital will increase by 33.3% to AZN 40 mln.

Remind that, Kapital Bank has been in operation since 2000.
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