Bank Of Baku

Xalq Bank increases authorized capital

Xalq Bank increases authorized capital
# 08 August 2011 11:35 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Xalg Bank OJSC.

Parameters of the issue:

Issue volume AZN 82,895,400
Quantity of shares 2.142 mln
Par value AZN 38.7

After the placement the authorized capital will increase by 13.8% to AZN 82,895,400.

Remind that, Xalg Bank has been inn operation since 2004.
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THE OPERATION IS BEING PERFORMED