Bank Of Baku

United Credit Bank increases authorized capital

United Credit Bank increases authorized capital
# 09 September 2011 13:32 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of United Credit Bank OJSC.

Issue volume AZN 2,000
Quantity of shares 1,000
Par value AZN 2 mln mln

After the conversion, the authorized capital will be increased by 16.5% to AZN 14.108 mln.

Remind that, United Credit Bank was established by one legal and two individuals in 1996 as a Russian-Azerbaijani Commercial Bank “Russian Credit”, in 1998 the bank changed the brand.
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