DemirBank increases authorized capital

DemirBank increases authorized capital
# 05 October 2011 12:34 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Committee for securities registered the issue prospectus of the ordinary, book-entry shares of Demir Bank OJSC.

According to SCS, face value of per share is AZN 0.20, quantity – 5,000,000, volume of the issue – AZN 1,000,000. The emission will be held in public offering at the Baku Stock Exchange.

According to experts, DemirBank will start additional share emission in October. After placement, the authorized capital will increase by 5% to AZN 21 mln.

Note that, Demir Bank has been in operation since 1989.
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THE OPERATION IS BEING PERFORMED