Finance

Home page

Finance

YapiKredi Bank Azerbaijan raises share capital

14 November 2008 10:57 (UTC +04:00)

Baku. Nicat Mustafayev â€“ APA-Economics. Azerbaijan State Committee for Securities has registered YapiKredi Bank Azerbaijanâ€™s issue prospectus of certificated ordinary registered stocks.
The volume of the issue is AZN 100 000 and face value per stock AZN 20. According to the issue prospectus, placement will be held by public subscription at the Baku Stock Exchange.
Experts say placement will start in November.
If floated successfully, its share capital will rise by 1.6% to AZN 6.449 million.
As of October 1, the bankâ€™s assets stood at AZN 108.775 million, loan portfolio at AZN 13.259 million, deposit portfolio at AZN 67.459 million, total capital atAZN 22.083 million and share capital at AZN 6.349 million.
YapiKredi Bank Azerbaijan, owned by Turkeyâ€™s YapiKredi Bank (80%) and International Finance Corporation (IFC) (20%), has been in operation since 2000.