Bank Of Baku

Kredobank increases authorized capital sharply

Kredobank increases authorized capital sharply
# 09 October 2012 15:01 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities has registered emission prospectus of ordinary, book-entry shares of Kreobank OJSC.

SCS says face value is AZN 10,000, quantity – 3,000 and the volume of the issue – AZN 30,000,000. After placement, the authorized capital will increase by 2.4 times to AZN 50.540 mln.

Note: Owned by 11 individuals Kredobank has been in operation since 1994. The bank operates 15 branches, 5 ATMs and 90 POS-terminals across the country.
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THE OPERATION IS BEING PERFORMED