Kapital Bank increases authorized capital

Kapital Bank increases authorized capital
# 16 July 2012 08:17 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. From today, placement of ordinary, book-entry shares of Kapital Bank OJSC started at Baku Stock Exchange.

BSE says quantity is 1 mln, face value – AZN 10, volume of the issue – AZN 10 mln. After placement, the authorized capital will increase by 25% to AZN 50 mln.

Underwriter is Chelsea Capital LLC.

Kapital Bank has been in operation since 2000. The bank operates 89 branches across the country.
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THE OPERATION IS BEING PERFORMED