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DemirBank to pay 5% dividend to shareholders

02 August 2011 14:42 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. Azerbaijan-based DemirBank held meeting of shareholders. According to bank, strategic issues on DemirBankâ€™s activity were discussed and decisions were passed at the meeting. Bankâ€™s annual financial report on outcomes of 2010, results of next AZN 1 mln-emission of shares got at the shareholders meeting on June 12, 2010 were approved at the same time, decisions on increase of authorized capital by AZN 1 mln, payment of additional AZN 1mln-dividends, extension of activity of bankâ€™s subsidiary company ADB Broker LLC in Azerbaijanâ€™s security market and increase of authorized capital on the account of AZN 06,000 unshared profit have been passed at the meeting.

AZN 1 mln of net profit approved by PricewaterhouseCoopers international auditor company will be shared among the shareholders as dividends. Firstly, 15% will be paid on preference shares annually, said the Chairman of Bank Roman Amirjanov.

Remind that, Demirbank has been in operation since 1989.