Bank Of Baku

Kafkaz Development Bank increases authorized capital

Kafkaz Development Bank increases authorized capital
# 24 August 2011 12:50 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of Kafkaz Development Bank OJSC.

Issue volume AZN 1
Quantity of shares 2 mln
Par value AZN 2 mln

After the placement, the authorized capital will be increased by 20% to AZN 12 mln.

Note that, Kafkaz Development Bank was established in April of 1996.
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THE OPERATION IS BEING PERFORMED