Bank SilkWay to double capital this year

Bank SilkWay to double capital this year
# 01 September 2008 16:30 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan’s Bank SilkWay plans to double its share capital to AZN 20 million by the end of this year through funding from the existing shareholders.
Bank SilkWay was originally established as AzAL Bank.
Its name was changed after Azerbaijan Airlines (AzAL sold the controlling stake to its subsidiary SilkWay Holding.
The bank is owned by SilkWay Holding (83.66%) and individuals. The bank has 9 branches.
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