Bank Of Baku

Azerbaijan Industry Bank decides to increase capital

Azerbaijan Industry Bank decides to increase capital
# 29 August 2012 12:31 (UTC +04:00)
Baku Elnur Huseynguluyev – APA-Economics. During last meeting of shareholders of Azerbaijan Industry Bank, it has been decided to raise capital up to AZN 50 million by 2014.

As of August 1, the bank’s assets reached AZN 171.75 million, total capital – AZN 31.6 million with registered capital of AZN 28 million.

Azerbaijan Industry Bank was established in 1996. The Bank has 9 branches, 2 offices, 35 ATMs and 571 POS-terminal across the country.

Remind that, under the decision of the Central Bank, all the existing banks have to raise the capital up to AZN 50 mln by 2014. This requirement also concerns newly established banks.
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