Bank Of Baku

United Credit Bank increases authorized capital

United Credit Bank increases authorized capital
# 03 October 2012 10:57 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities has registered the emission prospectus of ordinary, book-entry shares of United Credit Bank OJSC.

SCS says face value is AZN 2, quantity – 5,000 and volume of the issue – AZN 10 mln.

After placement, the authorized capital will increase by 70.9% to AZN 24.108 mln.

Note: United Credit Bank has been in operation since 1996.
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THE OPERATION IS BEING PERFORMED