Bank Of Baku

Access Bank increases authorized capital by 25%

Access Bank increases authorized capital by 25%
# 15 March 2012 09:56 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Access Bank increased the authorized capital by 25.4% or AZN 17.2 mln to AZN 85 MLN.

Bank says increase of authorized capital was realized on the account of increase of face value of shares from AZN 3.39 to AZN 4.25. Quantity is 20 mln. Shareholders are EBRD, IFC, KfW German Development Bank and Black Sea Trade & Development Bank (BSTDB) (20% for each), Access Holding (16.53%) and LFS (3.47%).

Remind that, Access Bank has been in operation since 2002. The bank operates 29 branches, 31 ATMs and 58 POS-terminals across the country.
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