Bank Of Baku

Bank of Azerbaijan increases authorized capital

Bank of Azerbaijan increases authorized capital
# 14 August 2012 12:25 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities has registered emission prospectus of the ordinary, book-entry shares of Bank of Azerbaijan OJSC.

SCS says face value is AZN 20, quantity – 825,000 and the volume of the issue – AZN 16.5 mln. Te placement will be held in public offers.

After placement the authorized capital will increase by 49.2% to AZN 50 mln.

Remind that, Bank of Azerbaijan has been in operation since 1993.
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THE OPERATION IS BEING PERFORMED